That is what First Charter, a community bank with branches mostly in NC, receieved when it sold out to Fifth Third. A 53% premium to its then-current stock price.
It wouldn't be unreasonable to assume that BBT could command the same. Raise your hand if you would take $61 for this stock right now.
I'm guessing that's a lot of hands.
And for those of you who didn't raise your hands (mostly management supporters, or employees), can you tell us when this stock is going to reach $61? I'm sure everyone is working hard and all, but you'd just as well stay home if your hard work can't be translated into stock gains.
I'm not interested in the dividend yield argument either. Fifth Third pays a big, fat dividend too. And they'll keep paying it to those shareholders of First Charter who choose not to sell. So would most potential acquirers of BBT. If you're in love with dividends, then post-acquisition you can keep the stock instead of selling it, and get the divvies written on a different bank.
So please, JA...sell this thing. It's the only rational thing to do.
You are quite the sexy beast bbtfanfodaages! If they knew how good a big black bear can make you feel (I'm a bottom most of the time) then I don't think they would be making fun of Afrikaners.
I was getting ready to leave and saw this idiot post. I guess I hit a nerve on the yoda crowd. he he he
What are you stupid?
It's not funnie to make fun of Mr. Allison and African-American people. If your trying to make fun of me bring it on or go back home homey. or is it h o m o h
"You": Scarcity makes BB&T worth more than the average bank.
"Me": BB&T or any company is ONLY worth what someone is willing to pay for it--and that's considerably less than "upper $50's." Are you making a joke? Because if you are, I'm laughing loudly.
Just a note, "your too dumb" indicates YOU'RE the same poster with the grammar tick. YOUR board/posting name should be "ONEOFMANY" (aka sPOOR et als)
To use Mr Spoor's terms, "Go back to school and get ya an edgiekayshun."
In reference to being unhappy, who said I was? I'm here to obtain info to make $. That's my choice and since this is a free country and this message board is an example of our ability to enjoy "free speech" you can now freely admit you are a shill for the company and post under a new name. Btw, your "nick" is new, too.
And just to make sure, has anyone heard any good rumors? I have...
Stocks Rise on Bargain Hunting
By MADLEN READ,AP
Posted: 2007-08-29 14:05:46
NEW YORK (AP) - Stocks rebounded Wednesday as investors, though still uneasy about shrinking credit and its effect on the economy, sought bargains after the previous session's huge tumble. The Dow Jones industrials gained about 100 points.
Many investors believe the Federal Reserve will cut interest rates at its next meeting on Sept. 18 or even sooner and were preparing for Fed Chairman Ben Bernanke to hint at such a move on Friday at a speech in Jackson Hole, Wyo. The possibility of a rate cut has given Wall Street some hope that the stock market will recover from its summer volatility, and that right now, it's a good strategy to buy while the buying is cheap.
Hint, buy buy buy
BB&T To Build $3 Million Bank Branch Posted 2007-08-29
By Dan Wright
HARRISONBURG � BB&T will build a $3 million banking center at 250 Neff Ave., behind Valley Mall.
Site preparation work has begun and the company will break ground in a ceremony on Thursday at 4 p.m.
The 13,600-square-foot facility, located across Neff Avenue from Valley Center, is scheduled to be completed by late next summer, according to a company statement.
Hmmmmmmmmmm, anyone hear the stagecoach?
Buy BB%26T Stock for Just $4
US | NYSE | BB&T quote - chart - all headlines - investor relations - analyst actions - add to watchlist - current ratings
NYSE: BBT.NYS at 2.44PM ET $39.18 +0.24 (+0.62%)
BB&T "market perform"
Tuesday, August 28, 2007 3:24:34 AM ET
Punk Ziegel & Co.
NEW YORK, August 28 (newratings.com) - Analyst Richard X Bove of Punk Ziegel & Co maintains his "market perform" rating on BB&T Corporation (BBT.NYS). The target price is set to $42.
In a research note published this morning, the analyst mentions that the company has not acquired a bank this year, despite a decline in the share prices of banks in its area of interest. BB&T could be expecting a decline in the earnings of community banks and may be waiting for this to take place before placing a bid, the analyst says. The company is aggressively acquiring insurance agencies and firms in the brokerage/money management business, Punk Ziegel & Co adds.
Hmmm looks like an uneventful year
I invested today based on your posts and damned if I didn't make a $1.00. Keep at it please, and hopefully one day you will be a man too! Brilliant strategy, market it. Btw, if you are gonna quote someone get it right your last two attributed to me are both incorrect, not to mention the elementary jabs at jt. Care to wager on that? I already know the rumors you dwell in, what a pity. I do know that BBandT is STIL not sold or MOE, JA is STIL at the helm, and what happens next will be real, thus making you even more unhappy. Care to buy a clue?