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Strategies & Market Trends : Value Investing
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To: Wallace Rivers who wrote (44193)9/3/2011 2:20:03 PM
From: Asymmetric  Read Replies (1) of 78748
 
I own some FNFG and my timing was atrocious - buying it just before the announcement
of their purchase of HSBC New York branches. However, yield at time of purchase was
about 5.2%...so doesn't make sense to sell, take a loss, and then hold the resultant cash
at a yield of 1% or less. Makes even less sense now, so I guess I'm a stuckholder.

Part of what's holding down the stock is market knows FNFG must issue about $750-$800
million in new stock and raise $350 to $400 million in new debt to pay for the acquisition.

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