I am sure I have made this statement to this board more that one time. I have been and continue to be a larger than average BB&T stock holder. As a matter of fact I have been in BB&T stock since the early 8o's.
I, like anyone else, would like to see this stock grow in value at a faster rate than it is. You should also consider the possibility that had BB&T not purchased First Virginia someone else would have purchased it and that door then closed to BB&T for a long long time. This statement could very well apply to many of the purchases BB&T has made.
I am probably one of the oldest posters to this board. I will be 77 in a few months. I hope I am still here to see the work of JA and the management team pay off. I am going to wait it out and see what happens. The time is going to come when there are no more banks in the right location to buy. That is when we will see an increase in BB&T stock price.
Just my humble thoughts.
A little early but Merry Christmas to all.
PS: DOC I HOPE YOU ARE STILL WITH US. LET US HEAR FROM YOU.
You might be right there is an old saying "that even a blind pig finds an acron once in a while." Not sure I agree with your statement that it is a good thing to buy a bank just because someone else was going to buy it.
I know that it is personal, but you opened the door when you stated you were a larger than average stockholder. Did you buy all the shares you own or are some of them from stock options or a buy out? Does make a difference if one has his own cash money invested.