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NABC
Strong Buy 
 100.00%
6 members
Buy 
 0.00%
0 members
Hold 
 0.00%
0 members
Sell 
 0.00%
0 members
Strong Sell 
 0.00%
0 members
 
Average rating: 1.00 (Strong Buy) 1.00 - 5.00 (Strong Sell) Total: 6 members

Annual growth of NABC:

NOTE: areas highlighted in blue indicate that this user is sharing the highlighted information with their private group ONLY

Jun. 15 2004, 09:30 AM ET
Nearest price: 14.43 (06/15/04)
by golfnut (profile)
(all of golfnut's ratings)
rating:
Strong Buy
(Previous rating: Strong Buy,
on Apr. 21 2004, 12:49 PM ET)
Based on my recent poll concerning NABC our opinion is that NABC will be at around 25 in 2 1/2 years. Obvious reason to buy more now!

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Apr. 21 2004, 9:02 PM ET
Nearest price: 13.85 (04/21/04)
by corvettekid (profile)
(all of corvettekid's ratings)
rating:
Strong Buy
(Previous rating: Strong Buy,
on Apr. 20 2004, 5:43 PM ET)
A Connecticut juggernaut in the making, NewAlliance is poised to become a big winner in the lucrative CT banking market. My Plusses and Minuses follow:

Plusses:

(1) BV of $12.50 a share (TBV of $8.00/sh) gives stock some floor during turbulent times.
(2) Lousy efficiency ratio offers cost-savings to flow to earnings down the line.
(3) Large cash hoard and asset-sensitive nature of balance sheet bodes well if rates start to rise.
(4) Mgmt. is diverse, experienced, and well-versed in CT marketplace.
(5) Russell 2000 buying should buoy stock in coming months.
(6) Expect a dividend.
(7) Capital already deployed via SBMC/ANE purchases; no surprises ala PFS likely.
(8) Many "flippers" probably exited stock during first 2 weeks; replay of 3-6 month trading patterns of BRKL and ICBC substantially reduced barring dramatic downdrafts.

Minuses

(1) Can't sell bank for 5 years (as if important to institutions with 3 month time horizon??)
(2) TBV lower than BV -- result of acquisitions.
(3) No stock buybacks for 11 1/2 months.
(4) Limited dividend potential due to depressed earnings.
(5) Hostile thrift/bank environment with Fed likely to be tightening in coming quarters.
(6) Loss of New Haven Savings Bank name could prevent bank from picking up other bank's PO'd customers from M&A in state.

NewAlliance is certainly a long-term winner. In trying to analyze for the next 6-12 months, I look at the Provident trading history. Adjusting for the fact that the Fed was on hold during that time (though the mortgage market had some turbulent times) and that the overall stock market was rising, I think it's safe to say that if we have a slow-and-steady rising market through the Election that NABC could inch it's way up into the $16.00 range and settle there, with a potential spike to $18.00. Each of these numbers is about 15% lower than PFS for it's range and spike figures; this "haircut" represents my estimation of the less-friendly rate environment, sluggish market, and higher valuation embedded in NABC. Perhaps the discount should be more, or perhaps thrifts have one final fling where NABC matches or even exceeds the performance of PFS and TONE. A middling ground seems a fair compromise and those price targets seem reasonable within a 6-9 month time horizon. I peg fair value for this stock at 110-130% of book, so I rate it a STRONG BUY at current levels for both short-term speculators and long-term investors. Good Luck!!

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Currently: 
 3 said yes (of 4 -- 75.00%)

 
Apr. 9 2004, 11:22 AM ET
Nearest price: 14.32 (04/12/04)
by Conor (profile)
(all of Conor's ratings)
rating:
Strong Buy
i received a modest tier 1 allocation and bought an equal amount at 15+ in the nasdaq. in a recent post jordan listed all the reasons why nabc should do well and i wholeheartedly agree.

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Currently: 
 1 said yes (of 1 -- 100.00%)

 
Apr. 9 2004, 10:52 AM ET
Nearest price: 14.32 (04/12/04)
by persistent (profile)
(all of persistent's ratings)
rating:
Strong Buy
FBR states that NABC is the most undervalued franchise out there and that NABC will certainly be added to the Russell. It has a clean balance and good location and is a $6,000,000,000 bank. At present, at $14.50 FBR feels that there are about 20,000,000 more shares to be flipped, as they are double counted that will be 40,000,000.

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Currently: 
 2 said yes (of 2 -- 100.00%)

 
Apr. 9 2004, 02:18 AM ET
Nearest price: 14.32 (04/12/04)
by Niagra (profile)
(all of Niagra's ratings)
rating:
Strong Buy
While the initial professionals selling pressure is on, it is a great time to buy. Stock exhibits dwindling volume which typically signals a relief of the heavy selling. An easy buck to be made over the next month. with more to follow. Ride with Patterson.

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Currently: 
 3 said yes (of 5 -- 60.00%)

 
Mar. 9 2004, 06:38 AM ET
Nearest price: 15.17 (04/02/04)
by go4 (profile)
(all of go4's ratings)
rating:
Strong Buy
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