Is it possible that BBT, kind of like First Union, can only have smart percentage increases in net income per share by buying other banks? In other words, when the acquisitions slow down or stop, increases in EPS will slow down..........? Kind of like musical chairs.
I agree on both counts. Wachovia has definitely looked for a way into Florida ever since it lost out on Boatman's. Upscale is certainly the niche they have gone for almost everywhere of late � banking and other financial services.
It is my understanding that Wachovia's strategy, in Florida, is to pick off the cream of the crop type of upscale, wealth business.....and I hear they are doing rather well at that in their Florida market.......Wachovia is VERY active in the upscale market.
BB&T is moving through the south, now in Ga big time, Maybe Fla. next. It seems like BBX in Fla would be some where to start, since they are 47 years old and worth about 4 billion and selling way to low for their size. Any comments about Fla.
BBX appears to be nothing more than a broken down savings and loan holding company whose stock is selling at its 52-week low. Surely there must be a reason as to why the share price is so low at this time. Why would such a purchase be beneficial to the shareholders of BBT?