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BB&T Corporation Message Board

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  • joe6pack65 joe6pack65 Mar 10, 2010 4:41 PM Flag

    next stop $30+

    I don't think ANY stocks are going to be SOARING back to old highs this year!

    IF the economy is beginning to stabilize and
    IF unemployment begins to decline and
    IF the real estate markets (residential and commercial) begin to climb back
    THEN the banks will be able to lower their additions to reserves and profits will bounce back.

    BBT is as well positioned as any bank to see profits bounce back nicely when the economy begins to recover.

    BUT there are a LOT of BUMPS in the road ahead! First and foremost, we have to get the Federal government's spending and deficits under tight control! And several large states need to find a way to fix their bloated government employees pension plans!

    There's SO MUCH to do .... and really not much time left in which to get it done!!!

    So meanwhile, I'd be very happy if BBT could establish a new basing point just over the $30 mark.

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