Youngdoc, I agree with your assessment. However, if I were to sell off my BBT stake the taxman would walk away with a lot of my money because the majority of my basis is at something like $5 a share. Thus, the little time I spend doing investment research is focused on looking for undervalued opportunities for the cash I'm currently accumulating. Problem is, it usually takes me a year or two to find the next stock to buy. I've been mulling over Washington Mutual and US Tobacco, but probably won't buy much of anything until next year when valuations presumably get funky as interest rates start going up and true inflation numbers are published by the Federal Reserve's economists. Friends, I run a small business and can tell you that inflation is baaack! wstr75
yes, we are looking for expense cuts. With the merger costs and tax reversals, we need to bring more to the bottom line. That's why our annual manager's meeing have been cut. Analyst want profits per share and what better way than cutting fat.