It is my ardent belief that BB&T will have earnings approaching $5 a share within two to three years and will probably have a market price possibly in excess of $50 a share; however, between now and then, this stock could sell at $24 a share or lower for a short period of time. I recommend that everyone that can't tolerate the slumps and bumps sell tomorrow because I really believe it is going to be a rocky roller coaster ride. I do want to state that the facts well demonstrate that BB&T is one of the best managed banks in the country and that those rare individuals that can tolerate rough market conditions will be well rewarded at some reasonable future date.
BBT is in very good financial condition. That allows them to be a buyer right now. They are not anywhere close to the best managed banks. What they are is a very large community bank and all that goes with that. I'd say they are a safe bet to invest in, but over time, they will be bought out themselves.