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  • bingo37_98 bingo37_98 Apr 15, 2005 11:14 AM Flag

    buying opportunity

    If you are not happy with BB&T there are plenty of people who will buy it. Just sell and find a company that makes you happy. May 2nd will make me happy because BB&T will send me a check......much better than CD rates

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    • I hit the wrong button. Was not referring to kfh227, but to those who are bad mouthing BB&T
      It is a proven bank run by those with many years of experience. Please excuse me kfh227

      • 1 Reply to bingo37_98
      • >> I hit the wrong button. Was not referring
        >> to kfh227, but to those who are bad
        >> mouthing BB&T

        And I jsut read that, so the previous post probably makes more sense now :)

        I know alot of long term income/value investors and I ran BBT by them. Atleast one has owned for a while and said I was not making any mistakes in my assumptions, which you (bingo37_98) seem to reaffirm.

        BBT looks great. BUY for now.

    • "May 2nd will make me happy because BB&T will send me a check......much better than CD rates"

      I would tend to disagree with your statement which is above. The timing of your buy would make a lot of difference. Example: if you bought 12/31/1998 at end of day price per share you would have bought at $40.31 a share.Today's closing price was $37.08 a share. Total dividends paid which include the one you reference in May are $6.95

      $37.08+$6.95=$44.03 $44.03-$40.31 =$3.72

      Total return for over 6.25 years would be $3.72 on an investment of $40.31. This would be less than an annual return of 1 and 1/2 per cent.

      One would have been better off with their money in a CD over this time period.

      • 1 Reply to jim56442
      • jim56442,

        Don't forget that BBT ahs increased it's dividend by 10%(good enough of an estimate) annually in the past and should do the same in the future.

        Oh, and share price will go up, especially over 6 years. What will CDs do?

        IMHO: 9% annual growth in fundamnetals and share price can be assumed for 5 years. Add on a 3.7% yield and thisi s one hell of a low risk investment.

    • Not sure what you meant. I own no BBT, but have been watching for a long time now. Months if not years.

      Now looks like a VERY good time to get in.

      Will I "get in". I plan on it ;)

 
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