People's United Financial Inc. Message Board

pine52x 7 posts  |  Last Activity: Apr 4, 2013 10:05 AM Member since: Jun 1, 2006
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  • college of agriculture and life sciences has found an inexpensive way to produce hydrogen from plants.
    supposed to be a game changer for the alternate energy markets.
    may be a commercial process in 3 years.

  • pine52x pine52x Mar 5, 2013 7:00 PM Flag

    CEO had to sell some shares as his salary is only $1.2 mil/yr. He really does have a poor record of running the company. However, it is our problem as we chose poorly! Drones are a competitive field. Large companies have a lot more resources. I think they are taking the business from AVAV. (AVAV would never admit that).

  • $400 million valuation buys you 1.1 billion oz of measured and indicated reserves of silver. It may be even higher since reserves at Pittarilla have been upgraded recently. In 2012 SSRI management said the valuation at $15.50 was compelling. Must be even more compelling now. I am new to silver stocks. Trying to learn fast so as to take advantage of the sell-off. Am I right about about the valuation? This company doesn't produce much as of now. Is it relatively safe to invest based on reserve estimates (measured and indicated)?

  • Reply to

    Smells of a pump

    by bananabb Jan 23, 2013 10:39 PM
    pine52x pine52x Feb 12, 2013 9:23 AM Flag

    agree 100 percent! I might add that Gabelli and Royce are two of the best to follow.

  • pine52x by pine52x Jan 31, 2013 7:51 PM Flag

    FRAF is not very forthcoming with information. last earnings statement is a worry. think I am going to look elsewhere for a bank stock to buy.

  • Reply to

    stock price

    by pine52x Jan 8, 2013 7:06 PM
    pine52x pine52x Jan 18, 2013 12:56 PM Flag

    Merrill Lynch has a price objective of $11. They write the following:
    "PBCT reported Q4 GAAP EPS of $0.18, below our $0.19 estimate and consensus
    as stronger fee income and asset growth were not enough to offset continued rate
    pressure. Positively, provisions were lower QoQ and credit trends remain benign.
    Opex discipline was somewhat helpful. PBCT also continued its share
    repurchases, buying back another 4.7M shares for $56M, making it a total of
    18.2M shares for the year. That said, rate pressure continued to impact asset
    yields, with key segments falling further. PBCT also guided for more severe
    margin compression ahead, with NIM in the 3.30-3.40% range for 2013, down
    from 3.63% in Q4. Overall, we see little relief in the near-to-medium term as
    PBCT continues to be negatively impacted by the challenging rate environment.
    Maintain Underperform."

    "Capital levels remain healthy; dividend stable
    Capital levels in Q4 were healthy, with a TCE ratio of 10.2%, down from 11.5% in
    Q3. Tangible book value at Q4 was $8.71, down from $8.77 last quarter. During
    the quarter PBCT bought back 4.7M shares for ~$56M. For 2012, PBCT bought
    back ~18.2M shares for ~$220M. PBCT has 33.4M shares available for
    repurchase under Nov 2012’s new share repurchase authorization. Finally, PBCT
    kept its $0.16 per share quarterly dividend, with a payout ratio of ~88% in Q4 vs.
    87% in Q3. We see PBCT’s dividend as relatively stable, given its healthy capital
    levels"

  • pine52x by pine52x Jan 8, 2013 7:06 PM Flag

    hard to find any stock whose price is now lower than in March 2009. PBCT is one of a few. Sentiment was horrible back then. I suspect things are not good for this company. I cannot find any good comments from the brokers. Seems like no one is interested. Maybe there are too many banks in the Northeast and competition is too much. comments about management is disheartening. Maybe they are incompetent.

PBCT
14.14-0.15(-1.05%)Jun 19 4:00 PMEDT