This Capital Plan Cost Shareholders amost $600 Million
If my math is correct as of a few minutes ago the mess about BBT's capital plan cost the shareholders about $600,000,000. I think we should give Kelly King, top management and the BOD another big raise for the great performance. Not everyone can creat this kind of loss for what to me appears to be bad management and poor decisions.
Are we sure the market isn't reactionary here? Without seeing the details, this is only a bump in the road. Most likely BBT was planning a large dividend increase and the FED said 'no'. This is such an undervalued blue chip that it makes little difference to long term investors. King does a good job and needs to stick to his knitting. As the housing debacle gets into the rearview, BBT's outlook continues to improve.