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People's Bank |
Well PxEm (what kind of name is that anyway? Is it short for People's
Employee?),
From your mouth into God's ear, regarding the price. However, you did
not address a single one of the points I raised. I see People's as
behaving cynically and hypocritically toward its depositors and
investors. You can call that conservative if you want, but it doesn't
meet my definition of conservative.
> It seems to me that you really have no idea what you're talking
> about. The only reason why this company is down is because of this
> whole credit crunch, and mortgage business. The whole financial
> sector is down. People's is a conservative company and was barely
> affected by the whole mess that other financial companies were. When
> Citi is writing off $34 billion because of bad mortgages, People's is
> only writing off $10 million. So the company is down $3 and change
> from the offering, Fannie Mae and Freddie Mac are down 45% and 57%
> ytd. And finally with the acquistion of Chittenden, the combined
> company will have over $20 billion worth of assets and be operating in
> 7 states. So stop your whining, once the fed gets a grip on this
> economy People's is going to take off. The stock will be trading at
> over $50 within the next 2 years.