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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (27931)	9/17/2007 3:57:50 PM
From: E_K_S	Read Replies (1) \| Respond to of 78702

Peeled off a few shares of NYB as it is trading near it's yearly high. It is my largest position so taking a few shares here will allow me to deploy funds into other value opportunities as tax loss selling approaches. I am still positive on this bank long term and believe lower interest rates will help the company expand it's margins. I also own WM and C. These banks pay pretty good dividends but NYB's dividend coverage is the worst of the group. NYB's dividend coverage should get better looking forward as their cost of money should decrease when the Fed lowers rates. EKS