Can anyone tell me why they aren't closing on this deal for a year?
There will be nothing "accretive to earnings" about this deal for 5 quarters.
Those of us who have owned this stock for a decade or more have seen no price appreciation for 12 years but got a nice dividend to wait. Now we have a diminished dividend and a diluted stock with nothing to provide a glimmer of hope for another year.
I've been willing to be patient while I was getting the big dividend. The stock has gone nowhere for the 12 years I've owned it. Nowhere.
The bank was also among the most expensive, based On the big yield, which is now gone, meaning the pe will come down. I really don't think it's a bad marriage, just not a catalyst for moving the stock significantly higher. For one thing it won't have any positive impact until 2017 if it does at all. Ive been through 4 or 5 accretive mergers and eps has remained flat in an admittedly tough environment. What really concerns me is the dilution. To me, it appears the balance sheet wasn't nearly as strong as they always claimed it was.
think Nycb is dead money for quite some time. Just my opinion, but I don't see the stock going back to 19, where it was pre merger for years. I'm leaning towards getting out and it's been my biggest single stock in my portfolio for years.
They have at least 9 million shares of AF at much lower prices. For each of those shares they will get a share of NYCB plus .50 in cash.
They probably made 75 million on this deal.
Well with the 12$ a share I've collected in dividends, my average cost is about $4. You might have missed the comment about income investors. Considering it a safe bond like play, which I did added to the hope for price appreciation if the economy ever grows the way it should.
Correct. The deal won't be done until the 4th q of 2016 but the dividend cut starts in the first quarter. There is no guarantee the reduced dividend will be paid once the 50 B threshold is crossed. That needs to be approved but the Fed,
it certainly isn't for price appreciation. I've owned it since 2004 and the stock is right where I initially bought it.
I went to their presentation and it emphasizes reducing debt and risk, which have always been presented as strengths. Maybe the analysts worried about the sustainability of the high yield were right after all. I'm trying very hard to make a case for staying with it. I don't see the acquisition of AF making Nycb rocket upward and the least you can say is you have dead money for a year only with a reduced dividend.
Why else would you own Nycb without the big dividend. I've owned it for 12 years and my average price is within pennies of where it is today. I wonder how many people own it only for that and you have to wonder how many people will dump their shares without it.
I don't have a lot of confidence that an acquisition of Sleepy little AF is going to get the 2$ a share we lost today or the loss of .32 in dividends back for years.
It's not going anywhere near $10 unless we go into a recession.
I don't get how buying such a small bank will do anything for the share price. Nycb has gone nowhere for 15 years, but you could tolerate it with a 6 per cent yield and buy some on downturns. I don't see this having any impact that will get back the lost yield and frankly see no reason to buy it.
The Nycb message board hasn't been in operation for a while. No idea why.
NYCB is my largest holding and I think management totally misunderstood how much the stability of that dividend meant to its shareholders and to its stock price. Perhaps the analysts who questioned the sustainability of the dividend were right.
I'm seriously considering dumping what was a core holding in my portfolio.
By Johanna Bennett
Is another deal in the making in the semiconductor sector? Citing “people with knowledge of the matter,” Bloomberg is reporting that Texas Instruments (TXN) is in talks to buy Maxim Integrated Products (MXIM), a rival in the analog chip market.
As Bloomberg reports:
Maxim’s management, who also received interest from from Analog Devices (ADI), may not be willing to sell unless they get a very high premium, said the people, who asked not to be identified because the information is private. The talks are continuing and may not result in a transaction.
As one would expect, the report fueled a spike in Maxim shares, sending them as high as $42, a new 52-week high before they calmed down. At a recent $40.36, the shares were up $1.93, or roughly 5% with more than 5.7 million shares changing hands.
That gives the company a market value of almost $11.5 billion.
The semiconductor industry has seen a flurry of deal making this year as companies look to combine resources, control costs and gain size in the face of a narrowing customer base. But Texas Instruments has so far remained on the sidelines this year, having bought National Semiconductor in 2011.
Recently, Texas Instruments fell 0.4% to $57.78.
From Seeking Alpha citing a report from Dane Capital
While there is clear synergy and benefits from and ADI/Maxim merger, we believe Texas Instruments is likely to get involved should Maxim receive an offer from ADI.
Texas Instruments has a larger market cap and balance sheet, and idle analog capacity that would drive incremental margins. There are few analog assets as attractive as Maxim and we'd
It all comes out in the wash.
Earnings per share will decide.
OLED needs to increase its revenues and profits and this will be seen as a terrific buying opportunity.