I agree with many on the greatness of BBT and like you feel it has leveled off for a month or two but I feel it will get to
70 in six months. Look for them to expand their SC base as well as VA. They have #1 position in NC, #3 in SC, and growing in
VA. SC doesn't have many banks as well operated as BBT and is probably an easier market to expand than VA. My advise is: don't
go to GA yet, continue to expand VA, and do a trick or two in SC, and then move in on Tenn. Tenn. doesn't have the first bank
as well run as BBT.
I agree. Through my self directed 401K, I continue to buy BBk (not many shares, but I try and buy a few each month). Eventually I predict:
This bank will become a major regional player. I mean major. I see it going from Maryland-va-nc-sc-georgia,ken, and tennessee. They will make great money. Check out their product lines. very-well received.
2. As much as I hate to say it, someone BIG will try and buy them out. Someone trying to break into the region. Like Citicorp, or chase. If so, the stock will shoot up big time.
I don't buy the buyout theory much. I think they might be too expensive to buyout, and I think the company is committed to things long-term.
This is an exciting company for the long term. Its one you won't regret!!!
If you want the big target, keep you eye on CF. I live in Va. and
the CF boys are stocking up. This one will require some work so that BBK doesn't hit such a big downdraft on the announcement. When executives are taking second mortgages to buy stock, then something is up. Hey, it's a small town.
CF is too big a target for BBK at $25 Billion. It would take a Bank One to pull that off! Much more likely is that BBK will continue its piecemeal strategy of buying small banks and thrifts at much lower premiums than the regionals are going for.
They just bought Franklin and now MFSL. Probably FMN or UBS is next.
I agree with your assessment of the CF rumor. BBK is in DC and MD area now, and in south Central VA and Tidewater area. FMN or (and?) UBS would be a good fit, but are there any indications either or both of them are interested? (Or are you thinking unsolicited?) Northern Virginia is a hot market; BBK might be willing to pay a real premium to get the market share.