I am thinking between 22 to 26 for now 22 being an extreme low if the markets go below 10,000 and if EPS are as good as projected back to 28 to 32.
With the markets over 80% institutional money no telling.
At 22 I will buy all I can.
If the fed lowers by .5 we will rally.
The fed should do .25 now and .25 Jan 30 and .5 in Feb or march. Very important to the US people.
Any other thoughts?
Most posters are trying to find out the best way to make money on these stocks and this fool is trying to correct typo errors on everyone. The best part is he is a BBT employee and doing this on BBT�s time from what I can read. Boy JA would love to find out who you are.
Got a real name you would like to share with us?
I have a lot of connections at BBT and have been an investor in BBT for many years now. I am sure he would like to know what his employees are doing on company time.
Correcting simple typos.
You should be trying to get my stock up and not correcting my simple little mistakes or making fun of a big BBT investor. You need to find another job while working at my bank or I will help find one for you.
Try trash collection you can find typos in the trash cans all day long. People throw them away and you could correct their mistakes till your hearts desire.
For me, I would like to see some constructive incite to making money off these times not a simple minded fool correct an obvious typo.
I would bet wmrmc2000 are the initials of your name and would be easy to find.
the house prices in america show ABSOLUTELY NO SIGN OF TURNING HIGHER.
to think otherwise is to delude yourself. and everytime someone with 20% equity and a 700 credit score refinances, the only thing that happens is fannie and freddie call some bonds and reissue at a cheaper rate. BBT and every other financial in the US sells almost all conforming loans and takes a medium fee for the processing.
if i was short banks (i'm not, but i'm considering--still) i'd be watching for more credit card losses, auto losses, and a share reissuance to get ratios in line. these are steps to turing the corner. net interest margin is how you think about banking when times are good. right not it is not return "ON" capital, its return "OF" capital.
Wormie you keep getting things wrong and folks will think you are numbie. Even I wouldnt wish that on you. And I know you know I never make spelling errors. Btw, who helped you with "else's"? Also, today is not blue light special time for posting on company time. Beware
"I am not a stock expert but I have held BB&T for nearly thirty years. I still consider it a safe investment and plan to ride out this big dip in price. My gut feeling is that the bottom was several days ago and we are on a slow recovery trip.
This is just my personal opinion."
I think within 1 year bbt will recross $40 per share. Once it reaches this level, I would make sure my portfolio is diversified.
Only an idiot would maintain a short position in very high quality financial stocks given an environment of multiple fed fund cuts throughout 08. Not only will net interest margin improve considerably for virtually all banks, but housing prices will partially recover mitigating loan losses. Also, this will provide many homeowners with a much better opportunity to refinance into a fixed rate mortgage instead of an onerous adjustable.
Well, your personal opinion denotes what lack of sense you have. If you have held this stock for 30 years you have received a total return for one third of your ownership period that is essentially the same as buying us treasury bonds. Not smart. You should not be happy you should be angry. All the whitle there is entrenched managment that keeps getting paid in spades. Your logic is similar to saying you have an employee who performed well for 20 years but then did nothing but screw you over, cost money, and took up too much of your time for the next ten years, but you are willing to overlook the last ten years because "he was a good employee" for the first 20. You fire him when he doesn't perform....by being an apologist for this company you perpetuate the idea the somehow "things are going to go back to the way they were in the good old days." And that ain't happening son. The global markets have changed.
I am not a stock expert but I have held BB&T for nearly thirty years. I still consider it a safe investment and plan to ride out this big dip in price. My gut feeling is that the bottom was several days ago and we are on a slow recovery trip.
This is just my personal opinion.