While the big boys would like to think everybody
is happy with home banking and ATMs, when you get
away from the metropolitan areas there are a lot of
folks with a lot of bucks who want to see a smiling
face when they take their money to the bank, and they
want nothing to do with pcs or ATMs. They are paying
attention to the lack of service being provided by most of
the major banks, whose idea of customer service is to
point them to a hotline to Charlotte or Raleigh or
wherever. The community banks should be having a field day.
as I speak. I think that speaks squarely with
your verbage. Look at the verbage in 1Q99 of FAM from
the loss of some of its customer base of some of its
merged entities. Locally, it is going to old local banks
that are retaining the community banking concept along
with the newbies. I don't do one ounce of business
with the regional bank in which I own stock while I am
not local to BBT. I still carry sizable amounts in
premium access accounts which are a rip off, but, pay
slightly higher than the brokerage money-market with
Employee's who become aware of unpublished policy
decisions, etc. become insiders per the SEC. At least, if
they use this information to benefit from it or help
someone else benefit from it. Although most business
(including BBT) a careful about this, the rumor mill
operates whenever you have more than two people involved,
so bits and pieces from above can become real
insider information if all are not careful.
the best advice already given is that all the stuff
you read here, including my balderdash, is never
worth making an investment decision on. It's just fun.
Do the math, analysis, talk to employees for their
opinions, do business with the company you might buy a
piece of - all of this is better info to make an
investment decision on. I know that's not new information,
but it probably bears
people are aware of that.
The funny thing
is, this mythical CFO thought no one recognized his
posts. He was so obvious everyone in the know knew who
it was. Only person he fooled was himself. But. He
is gone now. And hopefully forgotten.
The nonsense level is a an all time high here!
Thats good...it means BB&T is getting some attention.
The most nonsense is this insider stuff. Lets be
clear what we mean by insider eh?
An employee is
not necessarily an insider. Employees know what is
going on operationaly, but are generally not privvy to
corporate decisions before they are released. Should
employees post....their thoughts should be considered as
cautiously as anyone elses posts. They may have valuable
observations....or it may be disgruntled ramblings. It is not
however neccesarily inside information. In fact....I
recommend talking to employees....see how they feel about
their jobs, management, honesty of management, trst,
growth opportunities, equity in compensation etc. That
will truely tell you more about the comapny than an
analysts report....and would not be "inside information"!
it may never buy another big bank but expects to
grow more via the internet does cast an interesting
light on a possible future coming soon: when banks who
failed to sell out at a big premium but haven't the
capital to expand aggressively on their own on the
internet get left behind as a few giant banks dominate the
quoted a number of legal and commmunications
advisors who said it's a bad idea for a company to go on
message boards even to correct information they believe
to be wrong. They suggest broad distribution of a
press release on material news as I recall. Anyhow,
it's an interesting response to the use of the
internet. I think the point is to avoid "selective
disclosure" to a segment of the investing public without
covering all investors. That's the background behind my