$PBCT
Total 3 Posts
Founded in 1842, People’s United Bank is a premier, community-based, regional Northeast bank with more than 5,500 employees offering commercial and retail banking, as well as wealth management services. They have a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine
2020 - April Performance
The lucky rabbits foot has paid big dividends in April. Compared to the broader S&P market the portfolio gained 43% compared to 12% - so that was nice.
Cleaning up after the kid in the candy store
Most of these are companies I would never buy in normal times. But I do know that over the years, the opportunistic snapping up of bargains and then thinning them as the market bounces - has consistently generated profits for me. Sometimes the market drops again and I get to do it all over again.
Banking on the Paycheck Protection Program
Last week I purchased a basket of bank stocks because I thought the market was underestimating the benefit to the banks from the Federal Government's Paycheck Protection Program.