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BB&T Corporation Message Board

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  • Stockboy_II Stockboy_II May 30, 1998 10:28 AM Flag

    Missed out on Pioneer

    I believe that BBK will re focus on VA banks.
    Belief at BBK is that the mega mergers change the game
    again. Their performance has been great, but may be hard
    to sustain. Y2K is more exensive that most thought
    it would be and this will hurt BBK and others for
    the next two years. I don't think they will come up
    here (north of VA), but I doubt that they will focus
    on TN now. I would guess that Crestar and BB&T are
    renewing discussions - even if they don't wind up
    together. They are an obvious match if they can get past
    the social issues. Come on guys, CEO of something is
    better than CEO of nothing! (OK, perhaps Glenn Orr's
    $1.6 million/year for the rest of his life is better
    than nothing!) If BBK doesn't do something soon, the
    interest in the stock may dwindle and the "darlin'" of the
    South may take a slight tumble (we've already seen this
    somewhat), but this may be a good buying opportunity. I
    still like the stock, but the run is over for a while.

 
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