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First Niagara Financial Group Inc. Message Board

thriftmannj 6 posts  |  Last Activity: Dec 19, 2014 10:47 AM Member since: Jan 6, 2004
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  • Reply to

    First Niagara News - TAKEOVER GETTING CLOSER

    by stocksinc_c Dec 17, 2014 7:16 PM
    thriftmannj thriftmannj Dec 19, 2014 10:47 AM Flag

    Heated up!
    Dow up over 400 and FNFG DOWN. TBV is now in the 3's, no matter what management may state. FNFG is a sure bet loser.

  • thriftmannj by thriftmannj Dec 19, 2014 10:45 AM Flag

    Very tactful

  • It appears that now a deal is in the works to sell First Niagara. Most likely for around $8 a share. While this is a great price for a stock that is probably worth only around $3-5 a share, it does seem unfair to shareholders who purchased at a higher price. There are many shareholders who bought the newly issued shares at $8.50 and even more that are still holding from higher prices. It is going to be a loss for them. While not as much of a loss as if the stock continued to drop, at least without the sale, a shareholder could have decided when or whether to sell for a loss or to wait it out for a long term gain. Now they are being handed a capital loss that is out of their control. Management may be congratulating themselves for getting $8 for a stock that was just trading for $7, but this stock traded for $14+ not so long ago. With change of control agreements and restricted shares received at $0 per share kicking in with a buyout, executives will be doing very well for themselves. Not so well for the vast majority or shareholders though.

  • thriftmannj by thriftmannj Nov 9, 2014 8:58 PM Flag

    Several brokerages have added First Niagara to their list of non-marginable securities. For all of you cheerleaders- that is not a good thing.

  • thriftmannj by thriftmannj Oct 28, 2014 1:46 PM Flag

    I heard that the board of directors discussed breaking up the bank into 4 separate banks and selling off the parts. The divided entities would be Western Pennsylvania, Eastern Pennsylvania, Upstate New York, and Connecticut+ Mass + Eastern New York. The distances between branches have caused the "synergies" to not work to the benefit of the bank as intended. Breaking up the network and selling off the parts would probably be beneficial to the shareholders and would make sense in light of the failure of the combined entity to realize any benefit.

  • Reply to

    thriftmann-mr short!

    by matsky5 Oct 26, 2014 3:09 PM
    thriftmannj thriftmannj Oct 28, 2014 9:15 AM Flag

    You figured me out. The stock lost 20% of its value in a couple days because I spread rumors about an impairment charge of 800 mil. and another undisclosed missing 45 mil. It didn't really happen and billions of dollars were lost by the sinking stock were only caused by my little posts here on this Yahoo message board.
    Maybe I should be saying "FNFG is a great stock and pays a great dividend" I am sure you would find that to be more acceptable and the stock would skyrocket. So you just keep collecting your dividend and watch your principal disappear.
    Incidentally, read the message I posted before the news came out.

    Sentiment: Strong Sell

FNFG
8.18-0.07(-0.85%)Jan 27 4:00 PMEST

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