"Patten upgraded his rating of BB&T yesterday from "market perform" to "outperform" based on expectations of "above average core earnings power and market-share gains from weaker rivals."
"Beauty is in the eye of the beholder and Kelly King (the CEO of BB&T) is a good poker player. He's keeping his cards hidden right now," Patten said. "In the end, it is all about price."
Tony Plath, a finance professor at UNC Charlotte, said that BB&T likely will wait "until the real-estate market in Nevada firms up a bit to get a better price."
"It's a small position relative to the overall size of the company, and they can use it as a way to learn more about the Southwest United States and manage risk in a business 2,000 miles from home."" ----
I like the fact that BBT seems to be in the drivers seat and willing to forego a hasty decision with these assets.