Why doesn't BB&T trade like other southeast construction banks - which is below tangible book and not 2.2x tangible book. Bank has $20 billion in construction loans and $12 billion in equity...hah!These loans in the southeast are trading for pennies on the dollar.
Total construction loans are $20b. Total assets are $132b. I get 15.2%. How did you do your math? Their quality is also much better that other banks with construction loans.
just cause they are better does not make this crap a good holding..the stock is broke!!!!
Loan Composition (%) Tot Lns & Lses (Incl Lns HFS) 93,950,544 Loan Growth Rate 10.12 DOM: Construction & Land Development Loans/ Loans 20.92 DOM: Farm Loans/ Loans 0.23 DOM: Revolving 1-4 Family Loans/ Loans 4.99 DOM: Closed-end 1-4 1st/ Loans 26.06 DOM: Closed-end 1-4 Jr/ Loans 3.14 DOM: Closed-end 1-4 Family Loans/ Loans 29.21 DOM: 1-4 Family Loans/ Loans 34.20 DOM: Multifamily Loans/ Loans 1.03 DOM: CommRE(Nfarm/NRes)/ Loans 14.52 Foreign RE Loans/ Loans 0.00 CON: Total RE Loans/ Loans 70.90 CON: Agricultural Prod/ Loans 0.10 CON: Total C&I Loans/ Loans 13.43 CON: Total Cons Lns/ Loans 11.01 CON: Oth Non-RE Lns/ Loans 2.85 CON: Total Leases/ Loans 1.75 CON: Less Unearn Inc/ Loans 0.04
This has been asked and answered before on this board. If you really care to know then look it up.
Its not a question - its a fact; 21% of their loan book is construction...the question is why is the stock loved by dipshit retail longs like yourself.
not counting line of credits and other %$& ups not out yet..the longs will be holding a huge bag like always...regards!!!
Be a man, short another 2000 shares. Don't be a sissy.
Those shorts bet a bit uncomfortable? Got a wedgie today did we?