I don't know where BB&T will bottom but do believe it's time to start averaging down (or up). Sometime in the future we will be higher than $19.27 per share. Seems like stock repurchase would be good at this stock price but don't know how much cash we have to hold. Could also take a lesson from BAC and get rid of a few people and cut a few salaries. Kelly King's $10 million pay package last year still makes me angry (understatement).
Kelly King was on CNBC last week and blames the government for many of our problems. While I agree totally with his assessment I don't believe that we can look forward to a lot of help there. King needs to do what he can do to get share price up.
Finally, I do not agree with the idea of purchasing another bank at this time. Our own shares are the best value on the board in my opinion.