So why would management want to keep the stock depressed if it's thinking of doing a deal with RBC when RBC has said thay are looking at a sale not in cash but stock. Seams to me thay'd want to have the share price inflated, but I'm not real savvy in these matters. Thoughts?
I'm certainly not savvy in these matters either...
Read the story too. They want stock and not cash...kind of odd. Guess they feel the US assets could be worth a lot more if they were well run. If so, why do they not just buy BBT and expand US ops?
My guess is that BBT would only be able to do a stock deal if they got a bargain basement deal (or got the stock price way up, real fast). Otherwise the stock would get killed. However, seems highly unlikely with other interested parties (PNC).
I do feel like BBT is not likely to over bid (given recent deals), so that makes me feel a little better.
RY stated back in Jan that they were either going to expand or exit the US market.....Please expand and buy us out.
BBT took over CNB. That is where all the flooding is and the destruction from the storms. Whatwas viewed as a great deal has turned into a financial disaster. Those poor people in the flood area.glta
Bubba: I don't care what you think and I certainly don't care what you say and quite honestly I don't care where you live, you racist Honky.
As for name calling: You started that little game when you referred to posters who criticize management as "Trolls" a couple of weeks ago and you referrd to me specifically as a "Troll" in you post last night. Now I know what you are - You are a self-described "Bubba". I thought this was simply a nickname, but apparently it has a different meaning in the South. So tell me, what is a Bubba and what's the difference between a Bubba and a Redneck. We don't have them in the Northeast.
Lost the argument? I wasn't in an argument, I was just expressing my views which I have every right to do.
Sell BBT? Why should I do that? It's a good company that currently has bad management. This situation can and eventually will change over time. I am a long-term investor and as such I keep the the following quote from Warren Buffett on my office wall: "You should invest in a business that even a fool can run, because someday a fool will."
By the way, did you take a look at BB&T's Total Return to Shareholders since KK became CEO? If don't know how to calculate this, let me know and I will help you.