People's bank

[uconnplayer]

you guys know anything about the people's bank stock? For in-house members we are getting it at $20 a share. It goes public in a few weeks i think...any thoughts?> Is it long term or short termetc.

[wayne1218]

People's bank SUCKS. We used to have them fuckers!

[uconnplayer]

People's bank SUCKS. We used to have them fuckers!

why, they are going public and they are opening 3 more branches in westchester

[BettorsChat]

How many branches do they have?

How many States do they serve in?

[uconnplayer]

they are only in CT, they are opening 3 more branches in westchester NY. I'm not sure how many they have, alot in CT. There are 30 guys splitting 240 million when they sell it. Any info- for members its 20 a share. I am buying 50 shares. It's pretty popular in CT guys..

[BettorsChat]

they are only in CT, they are opening 3 more branches in westchester NY. I'm not sure how many they have, alot in CT. There are 30 guys splitting 240 million when they sell it. Any info- for members its 20 a share. I am buying 50 shares. It's pretty popular in CT guys..

If you feel pretty good about it go with $3,000 worth. That way if it busts you can always do it as a tax write off.

[uconnplayer]

yes true, we'll see. Many of my friends say they see it as long term, others short term, who knows, any other info please pass it along.

[BettorsChat]

yes true, we'll see. Many of my friends say they see it as long term, others short term, who knows, any other info please pass it along.

You're getting it at an insider price right? Or a price that only people that have accounts at the brokerage firm that is doing the underwriting for the IPO? If so usually that is a good thing.

[uconnplayer]

for People's customers its 20 share. I just dont know if its long term or not.

[BettorsChat]

for People's customers its 20 share. I just dont know if its long term or not.

Have any more details? Like how many shares they are issuing? If they are making money? If so how much money?

[uconnplayer]

not sure Monte. We just put our paper work in. I don't even think they went public yet....

[Tinman1960]

I Agree With Wayne They Blow

[Mike1]

Have any more details? Like how many shares they are issuing? If they are making money? If so how much money?

Here's some info: As of 9/6/2006 People's had 156 branches in CT (73 of them are located in Super Stop&Shop). They are going to open at least 15 new branches in Westchester County,NY in the next 3 years. People's had total assets of 10.6 billion, they are offering up to 185,437,500 shares.

I bought some stocks and I expect them to do well. I'm not a stock expert, but I wouldn't be suprised to see a nice increase sooner than later.

[BettorsChat]

Best thing to do now would be go and find some other banking stocks and compare outstanding shares, etc. Seems like at $20 a share though that's not a bad price.

[uconnplayer]

I Agree With Wayne They Blow

of course you would not agree, your a Yankee fan. People's bank is a hot stock. The bank has been sucessful for many many many years, and will continue to do so.