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BB&T Corporation Message Board

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  • jim56442 jim56442 Sep 3, 2004 8:51 PM Flag

    Punch through $40!

    Tired,

    Didn't mean to get your dander up, but the comparisons have all been posted earlier on both sides of this issue.

    The original post I replied too stated that the stockholders were as well off as if the bank had been sold at $32 because the stock was now $40. This was just that poster's opinion posted as the truth.

    The point was and is still the fact that there would have been no return for the last 14 months or so other than dividends if the above were the case as it has been at least that long since the stock had sold at $32.

    The other point is that the stock is still below the price of 5 2/3 years ago and that is not a good return on investment in my opinion.

    If everyone will quit posting all the praise for the company that it is such a great investment and has done so well or show that it hasn't been for the last few years, I'd be more than happy to not post the true facts which are that this stock has not had much of a return for the last 5 2/3 years unless one is happy with a 2.5% or so return. It was a great stock with a good return years ago, but not in the last few years.

    Even BBT's annual proxy dated March 24, 2004 reports that BBT underperformed their own chosen peer group for the five year period in the annual proxy. In other words they did not perform as well as even the average of the peer group. That is a fact.

    For better investing,

    Jim

 
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