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BB&T Corporation Message Board

  • readum98 readum98 Aug 28, 1998 1:57 PM Flag

    Rosie, let me explain myself.

    My statements were concerning my personal
    situation which as stated before is far too high a
    percentage of my net worth in this stock. I wish to
    diversify, so the best case scenario FOR ME is for BBK to be
    acquired at today's multiples before market forces bring
    sanity back to the sector. The difference between me and
    you is that I would not remain in the acquired bank's
    stock in any meaningful way. Call this selfishness if
    you will.

    Now with that said, let me say that
    I believe an independent BBK should do as well as
    the best banks. As you say, it is well run and in the
    best of markets. My concern on an ongoing basis would
    be the overall direction of the banking sector.
    Please respond and let me know if you agree that you and
    I can have different "best case" scenarios.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Your very smart to diversify your holdings. This
      little down turn has really shaken the bushes out of
      some of the sectors (including banking) and has made
      some people uneasy. You gotta sleep at night

      If
      I was younger, maybe that would be my best case
      scenario. But you know what Readum? If you sell after a
      buyout, you gotta pay those crummy taxes on your gains
      (unless 401K right???). Kind of lowers your return right
      off the bat. I keep hoping they will drop capital
      gains further, thats why I hold, heheh.

      Check
      out the CF board. Those shareholders are not happy
      with the buyout by STI. It doesn't seem like a good
      match I am afraid.

      Dr. JunJun

      • 1 Reply to DoctorJunJun
      • Doc: I have read with interest the comments on
        BBK etc, I just
        became a stockhold by MSBC
        merger. I have known this bank for
        more than 40
        years, I think they will be successfull in
        whatever
        they do.
        There is a lot of postings on CF
        expressing concerns, but I have
        known STI for a long time
        too, and they haven't made many mistakes
        that I
        know of. Since I am heavy into CF, I look forward to

        traveling a long way with STI. I will vote my shares for
        the CF/
        STI merger and we will just have to count
        the votes at the end of
        the day with those who
        don't think it is a good deal.

 
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