Who is left to downgrade BB&T now that S&P finally has? I have been wondering when S&P would drop their recommendation, I am suprised they have done this so close to the quarterly report.....
I sense some strong upgrades OR strong downgrades after the report- just a few days to go!
I am long and strong!
BB&T makes certain these assets are sufficient to repay the loan regardless of the success or failure of the project being undertaken-
Yes BB&T does due dilligence and will ask for personal guarantees on their construction loans... I am a builder and have had business loans with BB&T in the past. They are like any other bank, when times are good and the competition for the PAPER is there, they will look the other way- sometime not being in first position or the builder having multiple lines of credit with other banks.
I am not saying BB&T has any problems with their commercial loans- what I am in the know of- when times are good they have to court the business just like every other bank does. If they don't the won't get the business.
I sm long and strong with BB&T
What I have found out over the years is the old adage "a chart is worth a thousand earnings forecasts"is very valid. The charts have been screaming trouble for BBT for over a year. Now that that the lower earnings and banking troubles have been discounted guys like Mr. Mayo finally wakes up and sees that something has happened. As he accepts his pay check he thinks "Wow, I get paid for observing the obvious."
Hey douchbag produce the charts and show us why you think they are screaming sell now. Put up or shut the f' up. I have posted my charts with notes and what I believe they are telling us.