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Non-Tech : Sovereign Bancorp ( SVRN ) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn M who wrote (29)1/6/1999 8:46:00 PM
From: KHS  Read Replies (1) | Respond to of 143
 
Glenn, was it Gaines Berland? Anyway, SVRN is a good investment IMO.

Look at insider buying. CEO and chairman bought shares last August around $ 15-16ish. They have bought before.

This CEO delivers. Great operation.

But I can't figure out why the stock will not rebound to old highs. Some guy on CNBC mentioned SVRN during a interview roughly 4:30pm today.



To: Glenn M who wrote (29)4/11/1999 11:37:00 PM
From: jerryriti  Respond to of 143
 
Regarding the post about Michael Price owning 1 million of SVRN...has anyone else heard that news and/or who was the broker...I am long and strong on SVRN but if Price is accumulating it is time to back up the truck...yes, he was responsible for the Chemical merger and since SVRN has been on any number of radar screens as a takeover candidate(thwarted only by CEO Sidhu), Price would be a welcome addition to the mix as SVRN could go for $20+. Still, CEO seems determined to keep things as they are so Price's pressure if it is true could be nil. In any case, SVRN remains a strong hold but would add on news of the buyback + Price!