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BB&T Corporation Message Board

  • QuickQuack QuickQuack Apr 2, 1999 7:11 AM Flag

    Let's get some disucssion on this.

    "Thursday April 1, 9:49 am Eastern
    Time

    RESEARCH ALERT - BB&T Corp cut

    NEW YORK, April 1
    (Reuters) - Goldman Sachs said Thursday it cut
    BB&T
    Corp. (NYSE:BBT - news) to a market outperform from
    a
    recommended list rating and raised SunTrust Banks Inc.
    (NYSE:STI -
    news) to a recommended list rating from an
    outperform."


    Doc, readum, BBTfan, others, what do you make of this?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ...you're here talking about First Virginia and over on the First Union board stirring up the tired Chase rumor. I see a pattern. I wonder on what other boards you're putting your "information."

    • Neither do I subscribe to the level of
      information on the myriad of sites asking for pennies,
      nickels, and dimes.

      I see the level of free
      information furnished on these sites as well as that
      available on Edgar as contributing to a reduction in the
      useless drivel appearing on many of the threads.

    • and like it, but first time seeing marketguide.
      It looks pretty interesting. I'm too cheap to spring
      for paid service, so as good as wsrn looks, I'll
      pass.

      Thanks for the
      sugestions.

      Regards....

      Stock

    • for the edification. The first shows
      institutional ownership; however, much research is available on
      the icons to the left of the screen for the other
      aspect of which you may be concerned. Let me suggest a
      bookmarking of these sites for all your other investments
      which may better prepare you for all the BS some are
      able to add to the message boards. I hope you find
      these beneficial.


      http://www.marketguide.com/mgi/instit_owner/82470.html
      http://cbs.marketwatch.com/data/squote.htx?source=CORE% 2FDBC&ticker=bbt


      http://www1.wsrn.com/links/l.cgi?symbol=bbt&client_id=WSRN

    • I have a substantial position gained through a
      merger target with only a triple over the last 2 to 3
      years with reasonable dividends.

      I don't intend
      to sell; however, it is gratifying to occasionally
      get a good read such as BusinessWeek or whichever it
      was. The Coldman Sacks report didn't necessarily
      disturb me as I hadn't researched it to the extent is was
      on their recommended list. I will make an assumption
      that the GS report will have minimal influence outside
      their clients in light of the other analysts'
      opinions.

      Right or wrong, my opinion of their business model is
      that it is on track in one of the best areas for
      growth. Banks are loading the bottom line with additional
      fees of various and sundry kinds.
      I am not a
      borrower and use very little bank services that would
      require fees. I am presently happy as a lark with BBT.

    • You always had good info. Where do you see BBT headed next? Or do you think they're done for 1999?

    • In times of trouble, high flyers are more likely
      to take a hit. As you've pointed out, BBT was at the
      high end of one measure that folks follow - price to
      book. Perhaps that, combined with a relative high PE
      pushed these folks to a "hold" or equivalent. After all,
      they get paid when stocks they say should go up, and
      the odds were that BBT could go down!

      Which
      gets back to your own investment style. Some follow
      this approach and win (and some others lose, of
      course). Some follow basic value such as EPS growth and
      overall future earnings from core business. I think
      that's what BBT Fan and other posters are addressing.


      I agree with them that BBT is going to go up more
      times than down, based on the fact that they have stuck
      to their kniting - basic banking with great retail
      and great middle market business wholesale. They have
      made few mistakes (Regional Finance being one of the
      few) but don't seem to be "out there" with wierd lines
      of business (CAFC and Net Bank come to mind) in
      wierd places (well, WVA is suspect at this point) and
      that will equate to increased earnings over
      time.

      The market will go up and down (brilliant, huh?) but
      those with increasing and sustainable earnings will do
      better than the rest over time. IMHO, BBT is one of
      those.

      I do worry about all bank stocks if the economy
      turns south - their baby loan officers have never seen
      a recession, and it will show, believe me, it will
      show, but for now BBT is solid.

      For that matter,
      STI looks darn good too when you look at their basic
      book of business, but I digress.

      Buy on
      weakness like BBT Fan, IMHO, you'll be glad you
      did.

      Regards........

      Stock

      PS I was not knocking WVA as a state or a place to
      live - but that market is not as attractive, IMHO, as
      the others BBT has been going into.

    • bank (BBT) to report 1Q earnings of $.48 a share.
      That's a penny higher than a First Call survey of 19
      analyst and compares with $.41 a year ago."

      Read
      the full item in the WSJ tomorrow, hopefully!

    • ...Yahoo research shows current:

      .broker
      recommendations; 1 strong buy, 9 mod. buy, 10 hold

      (essentially the same over last 3 months)

      .'99 EPS
      consensus est. - 1.94 + 10.9% compared to S&P
      4.8%

      .'00 EPS consensus est. - 2.16 + 11.4% compared to S&P
      3.1%

      . last 5 yr. avg. EPS growth - 26.7% vs. S&P
      10.3%

      . next 5 yr. est. avg. EPS growth -11.7% vs. S&P
      7.2%

      . stock is selling at nearly 4X yr.end book which
      is above
      peer avg. of 3X....probably accounts
      for the group of "Holds"
      on the stock.
      EOM

    • Dow Jones Online News posted an item at 3:04 PM
      where some analyts expect BBT and Regions to outperform
      their competitors in the southeast. The item indicates
      that BBT should report 1Q earnings growth of about
      14.4%.

      Some earlier post may have addressed the matter in an
      earlier message. This item will probably appear in WSJ
      tomorrow.

    • View More Messages
 
BBT
35.29-0.380(-1.07%)Jan 30 4:02 PMEST

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