I hoped I was going to be wrong a while back when
I said it looked like BBT would continue to go to
GA instead of VA or MD. Oh well, location, location,
location, I guess! I now wonder if they have anything left
for FVB, FNM, etc. or if this will shut them down for
a while. Maybe OK bank, but price is high if
previous post is correct. Would a really good one go at 5x
?
By the way, I agree from a GAAP or SEC standpoint,
pooling does not technically allow for dilution (and yes
the acretion is nice while it lasts), but if that is
the case, why do the stocks almost always go down the
next day anyway? My theory is that folks ain't that
dumb. You pay that price and you bought blue sky
somewhere and that will impact the stock price, at least
initially. Hey, I hope I'm wrong and BBT hits $40 tommorow,
but I don't plan to buy as much as I can at opening
to take advantage of the jump! Would
you?
After all, the elimination of pooling is intended to
bring reality back to the market price. That said, it
really dosn't matter in the long run, because a savy
investor will see through it either way. Now, if I can
just learn how to become a savy investor........ Damn,
that's not it! Oh well, maybe you can figure it
out.
Regards......and welcome Hotlanta!
Stock