What a waste of time ! The officers sold out the stockholders to repay TARP money to avoid salary restrictions. The numbers speak for themselves. There is no value here for the forseeable future. Until they reduce exec. pay by 1/2 this bank will continue to suffer.
BBT ceo, if I am not mistaken, was on cnbc this morning and gave three reasons for the tarp payback [he said they just paid back interest last week], 1. So they can pay employees more 2. So they can have meetings where & when they want 3. So that loans will not be "politicized" .
Think about it. Gov't controls minimum wage, logic says they should control maximum wage. Gov't insists that a company pay an employee what he needs not what he is worth. Gov't should subsidize all small companies so they can afford to pay minimum wage.
When gov't gets involved with wages as they have the country is in big trouble. As soon as gov't dictates maximum wage we are a 'socialist country',
Gov't should get out of private busines hair.
Oh, I read it all right, and your response is indicative of another great BB&T long term investor. You go ahead and bet your future on that dividend. I dont want you to ever ever worry about the stock price, its not important! ....
I guess they should know better, working for a bank and all, but then again, it is BB&T and what does that say about the employees. Remember that a**clown from Enron, Jeff Skilling, who was telling his employees not to sell their 401k several weeks before the company exploded (when he had already sold a bunch).
the employees never questioned themselves on how long the leveraging of america can last? -- i think it was in the back of their minds, but why say anything and jinx it -- only a few americans have real balls nowadays to speak up against the chronic waste -- and even fewer have a solution -- that's where i come in and criticize cuz i have the solutions
I've been long in BB&T for many years and have enjoyed many dividends. CEO King in their conference call last week that they are committed to paying between 40-60 % of earnings in dividends. I personally think that a couple of years from the now the company earnings will be in the $ 3.00 per share range and on the way to $ 4.00.
yeah, and all along i kept yelling it's the reserves, and now they are finally sneaking in the reserves that i have been barking about for over a year on this BBT message board, and you idiot inlet retard telling the fact finders who are spot on they are just complaining? -- you have been bashing me and all the other short players on this stock since BBT was in the mid-30's -- and you haven't been right one time yet -- BBT 20 point short profit was one of my best trades in the past 9 months, and you were long?
right now i am not shorting this stock unless it gets way up there in price again, and i certainly wouldn't go long this under reserved pile of crap -- it would give me great pleasure to use the real words i'd like to describe this company's shape, but i enjoy idiots like you staying long stocks like these with your life's work of defending this catastrophe
If stating the facts is whinning then when you were still flying planes it must have affected your brain. The purpose of these boards is to express facts as information. If that upsets you, then maybe you should google yourself right out of here.
Corporations haven't learned a thing. management still consider their businesses as their own personal piggy bank.
It looks like a testing of this years lows is on the way. If we actually knew what was in their books, I'm sure those lows would look good.
Our economy is in such bad shape, taking any chances by buying financials seems to be asking for trouble. Good luck.
question mari- - How much does all that do for us stockholders??? Seems to me it's mostly self-serving to allow those in power the freedom to feather their nests at our expense. OR are we actually gonna get a few CRUMBS????
Marifry if I am crazy or stupid, why are you the only cheerleader here? I hope you enjoy your job with this bank, and your drugs too.
I say again, there will be no value in this issue in our lifetimes.
There was no talk of paying back TARP until Obama Caped the exec salries!! IN fact King said they could make mony off the TARP!!
And putting our div in loan losses reserve, only mean they think they will have lots more losses!!
Probably never see that money again!!
I have been a big BBT fan for a long time, but some things they are dong and the charge-offs are really going up makes you wonder!! Hope we haven't been sold a bill of goods with thier rosey senerio each qtr!
I have had mixed feeling sionce Mr Allison left???
Just some thoughts