Josef Schachter BankNorth Group Inc. BNK-N BUY Jun 04, 2007

The company is in two areas, Albania (heavy oil) and US. (tight gas). The US is in development which will take some time. Stock is cheap.

Josef Schachter

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$32.290

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WEAK BUY

You could buy this company's shares, but owning TD is a better way to go. Not sure that TD's shares will bump up on this acquisition, more likely after BankNorth completes its acquisitions.

DON'T BUY

Acquiring Hudson United Bancorp. There are 2 ways to play this stock. Banknorth is seen as the aquirer to pay for the stock and might tend to sell down their shares while Toronto Dominion (TD-T) shares might go up. Buying TD would elimnate any exchange issues also.

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Josef Schachter BankNorth Group Inc. BNK-N BUY Jun 04, 2007

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BankNorth Group Inc.(BNK-N)

BankNorth Group Inc.(BNK-N)

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