To: Paul Senior who wrote (59255 ) 3/20/2017 1:04:30 PM From: E_K_S Respond to Two things on NYCB:Irving Kahn, Oldest Active Wall Street Investor, Dies at 109 A disciple and later partner of Benjamin Graham, the contrarian advocate of “value investing,” Mr. Kahn would go on to work at Abraham & Company and Lehman Brothers, which he left in 1978 to open Kahn Brothers Group with two of his sons, Alan and Thomas. When he died, he was chairman of Kahn Brothers, a privately owned investment advisory and brokerage firm, which manages $1 billion through its subsidiaries. ---------------------------------------------- Not sure if they still own their NYCB shares but it may had something to do w/ the failed acqusition last year. The 2nd observation is it seems like the bank has strayed away from their local expertise, construction loans in NY and surrounding area. The have also issued a preferred earlier this month; New York Community Bancorp, 6.375% Dep Shares Fix/Float Non-Cumul Ser A Prfd Stk ($15mln issue)
