1. How do they do that??
2. Why do they do that???
How does JP Morgan arrive at a drop from 36 to 29 cents per share in earnings? Most of the street is already at 29 cents.
Why do they drop 2010 stock price estimate from $36 to $33.50. The $33.50 number is still 37% higher than current stock price.
Stock would be higher today without the "downgrade".
No response necessary. Just question the comments from some of the analysts.
Crystal, you seem to know BBT very well, honestly, i looked at many bank stock and seen better dividends but growth with a dividend, this one was on my radar since the 30's, i think the colonial deal should start helping also, i see 10 points to the upside over the next 3-4 quarters, what's your take?
no, i but a collar on a long-term investment for protection. a trading strategy would be like the speculator that put the strangle on bbt a few weeks ago. we're splitting hairs here i know, but your suck a jack@ss i cant help myself.
sorry everyone, i know this is getting old. i'm done now.
How is this for simplistic:
"That being said, BBT should be trading at a higher premium based on conservative underwriting and positive earnings."
That comment was from ...ta da....Cyrstal.
I guess she will be starting her own investment fund now. Really who are you kidding? If you think this thing should trade at $35 then by all means buy it.
The issue is that the BB&T kool-aid drinkers never seem to understnad that when you apply all this supposed quantitave analysis and qualitative assessments (i.e BB&T "conservative") they always come up with a value that is higher than spot. Always..."our 'BB&T' is always better than everybody else." I have been reading these delusional posts for years.
Its always some cabal of "evil" Wall Street analysts that dont "like" BB&T (why they dont like them is nver mentioned though). Eiother that or the "evil" instutional investors, Democrats, George Soros, or some other breed ocat that some how is keeping this well run company down.
Amatuer hour gets old after awhile.
I didnt say I knew more than you or anyone else...all I said was the share price correctly reflects the value of the company. If the value of the company were greater, then the share price would be higher.
aren't you just a yahoo poster too? aren't you claiming to have uncovered something everyone else has missed via public filings?
i like that you know exactly what the street wants. please tell me more, since you know so much more than the rest of us.
They have perceived liability in settling WAMU lawsuits. WAMU was fraudulently taken over by JPM via a fraudulant bidding process, naked short selling and deceptive reports on WAMU given to the FDIC by JPM
My big problem with the "downgrade":
They knew that it would drive the stock price down. They still have a 12 month target of $33.50. Anyone have a logical explanation?
I do believe that at some date BB&T will be a big winner. We are, however, looking for the lowest entry point.