% | $
Quotes you view appear here for quick access.

BB&T Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • normlasky normlasky Jan 9, 2012 5:48 PM Flag

    BBT over $30 by end of January ?

    "Just one question - how did your projections work out last year? I was neutral to negative on BBT last year. I made some nice percentage gains shorting BBT 3 different times. How did your longs work out?"

    My total portfolio was up 3.8% in 2011. About half of my portfolio is in bank stocks so I consider myself lucky. Obviously, I was too optimistic on bbt's resolution of their bad loan loans - loss severity and cumulative defaults on land loans were much worse than I anticipated. I think the balance of their bad land loans will clear out in the 4th qtr. and 2012 ought to be a good year for bbt.

    If you want to measure portfolio performance you need to look at several years - i.e. 2008 through 2011. One year does not tell the story.

34.52-2.43(-6.58%)Jun 24 4:03 PMEDT