Cannot operate as an independent entity. Market over saturated-no growth. Bad decision to convert to stock for the community as more jobs will be lost..They will end up disappearing for little value. Could have survived as a mutual.
Sentiment: Strong Sell
The apppointment of a new CFO with major credentials lends strong confirmation that Velti has a bright future. I am confident he has vetted the situation so as not to damage his reputation.Obviously he had many other places to plant hinself but chose Velti for its enormous potential. Stock will start to move to significantly higher.
Sentiment: Strong Buy
Mgt cleared the deck of all the issues holding back the stock with the lasted announcements. Future reports including quarterly growth will be strongly positive. The stock wlill finally explode. Insider buying is for real. Insiders are expecting a price in the high teens. Get aboard before the train leaves.
Sentiment: Strong Buy
They have a big problem. They operate in a no growth over banked market. Not worth a premium over book value. Should have staid Mutual.
The value to this stock is that every bank needs to have a presence in the Northeast since it is one of top financial markets in the country. There are only two or three options of any size. PBCT has a good franchise but need a strategic alliance or merger to unlock the value. They will not earn enough on its own to increase maximum shareholder value.
Five firms own 25% of the stock. They are simply adjusting some of there positions to balance their tech portfolios. There are not abandoning the stock and it will start to rise after there are done in a couple of days.
Comments today at technology presention suggests that the slowdown in Europe is not affecting revenues negatively. Report next week will be encouraging .
Velt to release earnings on the 15th and present at JP Morgan tech conference on the 17 th. Report must be good or they would not present so soon after. Similar scenario to last quarter when the stock almost doubled.
No chance for an injunction.This whole high tech area is so complex it will be years before final decisions are made. Comments from a highly regarded source. Regulators recognize that too many jobs are being created to get this wrong
Based only on their offshore business, VELT is still undervalued. If the suit is valid the American portion will be settled,if it is not valid the stock explodes.
Claims like this are always settled. Based on its growth rate VELT is worth north of $40. If the claim is valid at a 50% royality clip there is a floor of $20-25 on the stock. If the claim is bogus, which is probably the case, the stock goes through the roof.
PBCT has to continue to leverage its excess capital. Needs to fill in the Massachusetts franchise before all the billon plus banks are gone. Weak in Worcester County and Western Mass. Have an oppotunity to position itelf as the leading community bank in Mass. with the acqiisitions in the Eastern part of the state.Strong market presence in Ct. and Mass. adds considerable value to the franchise.
Great move to build a New England franchise that will have value to a buyer at a substantial price. There are only a half dozen banks of any size left to acquire and successfull banks have to make a move to get them before they are all gone. You cannot greate a valuable franchise without filling in the market. De novo branching does not create the scale you need to be to penetrate the market.
PBCT needs to fill in the Massachusetts market place now that Danvers has been acquired to become a dominant player in New England and the Northeast. They have a weak presence south of Boston and in central and western Mass. They need to be back in the market buying before the few options that are available are taken. De novo branching over such a wide area is not an option.