I'm a BKFR (BankFirst of TN) shareholder, and that stock has for two years made me no money except for dividends. So I'm happy they sold out even if it was for diddlysquat. Now I'm curious about what you longtime shareholders have to say about the future of BB&T.
Welcome aboard from a 30 year shareholder! BB&T is a good long term investment in my opinion; great franchise, well respected management, proven sales culture (hard to do in a bank as you know), double digit dividend increases in recent years, highly diversified small business/middle market loan portfolio, and good asset quality history. The downside of owning any bank stock is the temporary doldrums caused by rising rate cycles. I've used the last two years as a buying opportunity. Look at the number of "buy" recommendations on this bank.
Talk to us a little about the market and economic prospects out your way.
Welcome to BB&T. I have been a shareholder since 1980. It has been ( until about 20 months ago) an excellent stock to own. Growth was good and dividends were inline with most banks. Nearly all banks went into a sharp decline in early 1999 and BB&T has made a small recovery - long way to go.
I have not sold one share and do not plan to at this time. My feeling is that it is going to be slow to recover. The fact that BB&T is a well managed operation as much as anything else helps me make this choice.
Good seeing your name again. gave up on the pc many months ago. Found It was taking time way from the garden and my girl dot. also the grankids come here and all they do is play on this thing, what about the garden? They don't want no garden, just computers and video games, you know what I mean RW? and trash movies.
I have not sold one share either, still holding over 1,900 shares and I don't count the money anymore. gotta lexus now, did i tell you that? traded the old one in, bought a nice es300, black outside cream inside. pertty car rw. But i still like toolin in the old chev pickup.
How is life treating you? Your NC boy right? somehwere I have the invite for lunch - someday I may take you up on it. Dot doesn't like me going off, but I still do. See my friend bert down in florida. That bert...
Thought I would stop in and say hello. I'll check back in a few weeks, leaving in the morning for south carolina.