Estimate $2.95 earnings in 05.
Snoit,Are you sure about the $2.95 earnings estimates for 2005?If this is true and that is all BBT earns that would be 4 years of very, very low earnings increases.Took a quick look and what I found was earnings of $2.76 in 2002 and $2.85 in 2003. This would be less than a 7% increase for 4 years.Jim
Evidently that was TOO quick a look. What Valueline's numbers are:2001: 2.402002: 2.762003: 2.072004: 2.80 (est.)2005: 2.95 (est.)
Well, Value Line is conservative - a low estimate is better than a too high one from their standpoint. However, slow earnings growth has been the problem of BBT - it is why the stock price is slow.