Now that the 3 year presence in Northern Virginia that BB&T agreed to at merger time is almost up, I am not at all surprised that they are closing operations at that location. Good financial plan and also in step with the ethical and moral business plan that BB&T has shown in the past. Another 225 employees will most likely be severed, or at a minimum have their lives disrupted. Also, I wonder why the "powers-that-be" at BB&T have not told people about the two new single level buildings that they are having built on their property in Frederick Maryland? The buildings look to be operational in nature and should be complete within a few months. Think it has something to do with F.C. operations closing?
"Click on the link and it will simplify your search for meaningful posts. By the way....it was NO trick. Adding someone to your IGNORE LIST is YOUR choice."
Click on the link and it will simplify your search for meaningful posts. By the way....it was NO trick. Adding someone to your IGNORE LIST is YOUR choice. I have reported oldbankerdude for slander and bad hair to Yahoo. Olddude, your should have reported the no-name broker yahoo's to Yahoo.
Why would you give anyone permission to offend you (and on a message board?) Go figure. BTW, Stil and every other member has first amendment rights. Some don't have the judgement to use them properly, but that's life.
Timing is everything and I am not knowledgeable enough to be able to tell when to buy and when to sell with BB&T. Give me proven growth stocks and I will win every time and without the stress of trying to figure who is going to buy who and when.
As I've said before, don't read too much into institutional ownership numbers for a reason. BB&T is lower than peers because they've bought so many banks/thrifts over the last ten years or so with little or no institutioinal interest. Seems to me the opportunity for broader institutional buying in the years ahead, i.e. latent demand, can be considered a plus.
On the other hand, had you purchased on 1-2-99 you would have paid $40.31/share and that is my point. I hate to admit to it but I did buy some at $33 but have sold recently in preparation for the next merger where the stock will go back down and allow me to rebuy more shares for the same money and go through the cycle again.