$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.
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