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BB&T Corporation Message Board

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  • mutant_smiley_face mutant_smiley_face Jun 23, 2004 12:06 PM Flag

    Re: wfc-bbt

    WFC is a likely candidate to buy BB&T.

    I have seen some very good points on here as to why BB&T might sell.

    1. Lagging technology - we simply aren't willing to spend the money. It would be much smarter to merge or be acquired by someone with the technology that clients are requesting. That's just smart business.
    2. Good employees are leaving. Very true, it's hard to retain good employees. If all you give them is lip service and empty promises, any employee that is intelligent and hard working will leave.
    3. Stock price is up a bit, but that's not necessarily from solid management and business practices. I suggest many consider the psychology of stock market purchases and sells. Obviously all the buzz of a possible sell will increase trading from a pure psychological level.
    4. I haven't checked the latest numbers, but I do know clients have been asking us about the M&A buzz. This will affect sales and future growth. If clients perceive us as a possibility for M&A, we may lose revenue and growth until the news is substantiated/unsubstantiated.

    It will be interesting to see. But I hope everyone reading these boards will keep an open mind to all the indicators that may point us the answer, whatever it may be.


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