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BB&T Corporation Message Board

  • addressbookme addressbookme Aug 15, 2009 12:37 AM Flag

    Lifeboat Overloaded.....Going to $13 Range

    Even lifeboats can sink if overloaded like BB&T. There will be unforseen toxic assets still to crash from Colonial, now in the 'lifeboat'. Plus, very expensive costs to merge Colonial & BB&T IT systems, policies, retraining and IRS tax consequences. Plus, unexpected and indescribable costs that are unknown. This take-over is not a bonanza, but a junk pile that will stink for several years and may pull down BB&T. I predict our stock price will get hammered down to the $13 range by June 2010, when all the 'alligators' come out of the take-over swamp. I sold today and took today's 10% uptick.

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