Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

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Big Banc Split Corp > Insiders and TD

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Post by needwisdom on Nov 24, 2015 10:20pm

Insiders and TD

I wonder why none of the insiders has purchased shares yet if it is a great buy now at this level?

TD not just lowered the price target to $4.75 from $5, but also dowgraded the stock to a BUY instead of ACTION LIST Buy. This is the 4th time they lowered their target price on BNK. My problem is: where were all those analyst when oil was trading above $100 a barrel? None of them predicted $40 a barrel. They just DO NOT KNOW. why should we listen to them now?!

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Comment by braincloud on Nov 25, 2015 9:00am

you shouldn't! These analysts haven't any idea where oil is going. They rate the stock based on where oil IS. When oil was at $100 the stock would have been rated appropriately based on peer valuation. You need to do your own DD and recognize that investing in any commodity stock is wrought with risk and with risk there are handsome rewards and otherwise.

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Big Banc Split Corp