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BB&T Corporation Message Board

  • jim56442 jim56442 Jun 27, 2005 9:45 PM Flag

    Stock Price is now same as 1998

    This stock price is now below the ending price on 12/31/1998 which was $40.31 a share. It now appears that it will be 6 1/2 years of ending below the price of above. Yes, I know I was blasted before for posting this information, but it is now almost 2 years or so longer than when it was first posted and not much has changed has it?

    How long before the Board of Directors wake up and do something about management and reward the shareholders which are the true owners?

    I remember some posters saying just give it a little time. Well what do you call a little more time?

    Yes, I know money could be made on the ups and downs, but I don't remember anyone posting what the dates were they bought and their purchase price. Just that they had sold at a later date and supposedly made money after the fact.

    Just my opinion, but the stock price is a fact.

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    • as we all know, the price of a stock drops by the dividend amount on the ex-date.
      from my research beginning 1/1/99, the divs. paid were as follows:

      1999- .75
      2000- .86
      2001- .98
      and through 2 qtrs. of 2005-.70

      so in theory that would add 6.95 to the 40.31 stock price as of 12/31/98. or an increase of 17.24%.

      while not great, hardly the same as flat.

      this may be a bad way of looking at it, but what the hell.

    • Or, stated another way, the stock price remained BELOW that 12/31/98 number until mid 2004...appx. 5-1/2 years!

      While those 5-1/2 yrs. may have frustrated "long term" buy & hold types hoping for appreciation - others have enjoyed the low hanging fruit of the trading range.

      The traders should be a tad light at this time tho' since the stock price has been hanging near the top of the range for a while now.

      Purely a guess - but beating the street by a penny wouldn't surprise me.

    • It was overpriced in '98 - you were supposed to sell and buy back in the low 20's in 2000. See? Very simple.

      • 2 Replies to snoit123
      • buy_high_sell_low_dot_com buy_high_sell_low_dot_com Jun 28, 2005 8:22 PM Flag

        What kind of person spends SIX years complaining about the same stock? Here's some thoughts:
        A) Did you ever think that after the price broke down through $30 or so that maybe you should sell? Stop Loss?
        b) When it (and about every other bank stock at the time) fell even further, did you think that might be a great time to buy??
        c) If you come back with the answer that you have no personal interest in the stock or that you held it for six years, what the hell were you thinking?

        P.S. Congrats to all those who in six years knew how to make a little money. Back to Econ 101 for those that didn't.

      • Great advice after the fact. I think my post stated that some would post this and had done so previously.

        What post number and date did you originally post this advise and where are the facts?

        Maybe I just missed that post, but don't remember anyone posting a date and price that they bought the stock before stating that they had sold and made money. Just lots of posts stating that someone had made lots of money trading in and out of this stock after the fact.

        Might have been having a bad day the day of the post and missed it, but sure would like to read it.

    • I agree 100%.

40.38-0.66(-1.61%)Jul 2 4:00 PMEDT