No idea why Barrons, S&P, Credit Suisse and the rest of the street has overlooked the obvious but it gave investors ample time to load up on bbt in the low 20's. Now it's time for the payoff.....
Norm, should I answer that for you? And please dont tell me that in true Obamaesque fashion you think if the stock price goes up it will be because "the street has overlooked the obvious" with respect to legacy loan loss recapture. That is like Obama saying without his nose growing that without him as President unemployment would have been much higher.
your logic is something of a non sequiter. Share price appreciation if it happens in a material amount, will be concurrent with price gains of other financial institutions and indicative of a healthy recovery in the sector. For BB&T to stand out, its share price will have to outperform others and if that happens, it is laughable to ascribe such outperformance to your oft repeated but nonetheless silly idea that its all because of LLRs and the superior credit stats of this bank. Do you not think that if that were true, the price would already reflect same (it does), since that news has been around for some time.
The payoff you may get has nothing to do with the experts being wrong...the payoff from low 20s to low 30s will be for a host of ether factors. But if you want to pat yourself on the back, and that makes you feel better...go ahead...no law in America against being stupid.