First Niagara Financial Group, Inc. (NASDAQ:FNFG)

CAPS Rating: 5 out of 5

The Company provides a range of retail and commercial banking as well as other financial services through its wholly-owned, federally-chartered savings bank subsidiary, First Niagara Bank.


Player Avatar stallis (86.91) Submitted: 7/19/2011 5:02:28 PM : Outperform Start Price: $12.43 FNFG Score: -36.19

Solid banking franchise: 1) Well-managed, 2) Did not take TARP $, and 3) Opportunistically acquiring beaten-down banks for pennies on the dollar.

Report this Post 2 Replies
Member Avatar stallis (86.91) Submitted: 8/28/2011 6:52:19 PM
Recs: 1

Wow, talk about bad timing...which is why 98% of my picks are 5-plus years. Don't get me wrong, I love to get a good stock for a bargain and I attempt to do so with every purchase but I don't have a cow when I jump in a week or so early, like I did with First Niagara. By the way, I am in the process of buying additional lots/averaging down and I will continue making purchases of this stock for my real portfolio until such time as I reach a "full position" and/or the financials tell me I should stop buying. Until then I will happily collect the 6%+ dividend.

Member Avatar stallis (86.91) Submitted: 6/16/2012 10:30:43 AM
Recs: 0

A LOT has changed with this company and stock since my initial CAPS call and real portfolio purchase. I indicated in my previous post that I was still bullish on FNFG at that time. Taking into consideration everything that has occurred since then, I am still bullish long term on this bank. In my real-life portfolio I am opportunistically adding to my position until I reach a "full position". For CAPS purposes I am ending this pick and re-establishing it now to avoid needing a 50% gain just to break even.

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