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  • jim56442 jim56442 Jul 8, 2004 11:25 AM Flag

    Just for the record

    Still,

    You are posting that BB&T is not for sale. I'd appreciate your discussing that in a little more detail.

    What I'd like to know is if you think that they would not discuss an offer or really consider an offer if there was one made? Do you feel that the shareholders would just be left out of the equation if there was an offer made for the bank? If there were an offer made how do you see it being resolved?

    This may not have anything to do with what you were posting, but I'm really interested in your thoughts on this.

    Thanks,

    Jim

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    • Jim exactly what Wilson said in #8897

    • I can answer that question for you Jim.

      John Allison does not want to sale. Doesn't mean he wouldn't entertain an offer. John simply believes that in the long run shareholders will be better served by remaining independent than by selling.

      Now, I know what you're thinking. The stock has been treading water for five years. You're right. Isn't it time for BB&T to give up the ghost? Maybe. But JAA simply isn't going to give up that easy, even though earnings have been in the doldrums the past 18 to 24 months.

      JAA, I suspect, feels he has found his way through the obyss and expects earnings to rebound by the end of the year if not sooner. The man has more resolve than you can imagine. He is a fighter, not a quitter. And the fact is, the bank will rebound. BB&T is expected to meet earnings expectations next week for the second quarter (which would be nice for a change) and perhaps beat Street estimates in the final two quarters.

 
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