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BB&T Corporation Message Board

  • Teeitup,

    Sorry, that I'm the one to have to tell you this, but your math apears incorrect. You are correct that the stock did split and it was a 2 for 1 split and you now have double the amount of shares.

    You might want to check your details as the price of the stock when it split in August,1998 was not even close to $40 a share before the split and has not gained everywhere near the comparison you posted.

    Please check the facts. Then look at your total return for the last six years or so.

    Jim

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    • I think options are more fun, too, and much less risky.

    • Hang in there Stil; patience, logic and truth will prevail!

      Fan

    • Fact: BB&T closed @ 35.125 on 312,00 shares the day of the 100% stock dividend; i.e. was trading at 70 presplit. Closed the year @ 40.313.

      For the five years 1994-1998 BB&T daily closes ranged from a low of 9.56 to a high of 40.63 for a five year total return to shareholders of 36.6%.

      No bloviating; just facts

      Fan

      • 1 Reply to BBTFan
      • Fan,

        My reply was to this message which has incorrect figures which your post proves.

        "it SPLIT on 8/4/98 @ about $40 (+ or -)...2 for 1. So it goes to $20 (+ or -) by definition...and design, then through 9/11, and horrendous market years after that. So, six years later its back @ $40 and I have twice as much. Sorry, I don't have my HP 12C with me, but if I had 100 shares on 8/3/98 worth $4000, on 8/4/98 I have 200 worth $4000. Today I have 200 worth $8,000 without lifting a finger - oh, and not accounting for dividend reinvestment. Not bad. Kinda like getting an eagle on a long par 5. I do that about once every six years too."

        You posted:"Fact: BB&T closed @ 35.125 on 312,00 shares the day of the 100% stock dividend; i.e. was trading at 70 presplit. Closed the year @ 40.313."

        The time frame we originally discussed was 1998 until present. Not sure where you came up with the dates you posted as they was not mentioned previously. So if BBT finished at $40.313 end of year 1998 and today at $39.74 what was the six plus year return?

        Just know you'll post for all of us to see as you did the figures on your post 10322.

        Thanks,
        Jim

 
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