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BB&T Corporation Message Board

  • AndyNuminous AndyNuminous Jan 3, 2000 10:05 AM Flag

    Backoffice, I was a BB&T stockholder

    until last fall when I sold all of my bank stock,
    all long-term capital gains. But now I am about to
    buy banks again. The situation now seems to me in
    some ways very similar to 1997 when interest rates
    were on the rise but bank stocks rose nonetheless as
    takeovers were also on the rise. BB&T's P/E ratio back then
    was in the mid-20s. I think since then they got rid
    of all those 20-something employees who said they
    liked Physicial Education in high school. Just kidding
    about that last sentence--my nod to Wayward's bizarre
    and funny explanation of what "P/E ratio actually
    means." Seriously, some banks are a good buy now,
    including FTU, as Stockboy said, and especially BB&T. Even
    if it does not get bought, it nonetheless is a prime
    target for that--with a high premium to go--and that
    alone should add at least 20% to its share price in the
    next few months. I've been wrong before, but I am
    putting plenty of my money on this.

40.64+0.32(+0.79%)Aug 4 4:02 PMEDT