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  • BBTFan BBTFan Oct 3, 2000 8:32 PM Flag

    Stock, was that you?

    it would take the passion and personality out of his posts. He's having too much fun on this board and I hope he stays!

    Long/Fan

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    • Actually, I said I would now sell some, only
      some, when it got to $31.25. That other poster
      convinced me that I was being too conservative at only $31.
      It didn't quite hit my target, at least long enough
      for me to do something about it. I didn't have a
      limit order in.

      Interesting point, Fan, on
      Summit purchase affecting BBT price. For some reason, I
      forgot about a possibility of BBT being sold as a price
      driver. How soon we forget when we're ponitificating!!
      Just goes to show that I've been taking myself too
      seriously! The answer to that, of course - more golf!! Man
      do I ever be so humble out on the course! Bah -
      humbug!

      If BBT is seen in play - which I doubt - then the PE
      could escalate. But who would/could buy them? They have
      a bigger market cap than WB, if you can believe
      that. I would have said Fleet as a possible, Wells as a
      likely, and TSI as too late! But what do I
      know??

      I think any purchase premium will shake out soon -
      it would have to be a perfect deal and I doubt there
      is one perfect enough for Mr. A, Mr. K, and Mr. W
      out there - i.e., they run the joint!

      So,
      we're back to good old earnings and multiples thereof.
      (Dang that sounded like a NY lawyer, didn't it?!) I
      still think Mr. A should quit diluting the stock and
      use some of that cash to buy some back and reward the
      shareholders. I mean, why buy that mortgage thing? Everybody
      else sold their's a few years ago. Course, he's made
      other clever purchases - like Regional Acceptance - boy
      was that a great deal!

      I know I'm being harsh
      - in general Mr. A has done an excellent job, but
      what would have earnings been this year if he had
      curbed his dilutive growth over the past two years and
      what would my share price be now? It's a valid
      question I think. Where is their shareholder's meeting
      next year? Maybe I should
      ask........

      Regards...and only MHO.......

      Stock

      • 2 Replies to Stockboy_II
      • Stock, don't forget that buybacks have and will
        be part of the plan to enhance value (1) when the
        price makes sense, and (2) when they're out of
        registration with the SEC in connection with pending
        deals.

        Also, don't forget that the deals done are neutral in
        the second year and accretive to EPS by the third
        according to the policy outlined in the annual report.
        Aquisitions that make sense for s/h are a stated line of
        business. With all the deals in the past, you're ahead of
        the game.

        If you haven't been to an annual
        meeting you ought to do it. I haven't a clue where the
        2001 meeting will be, but I wouldn't be surprised if
        W. Va. were picked due to the new block of s/h up
        there. It was in DC in '99 and Atlanta last
        year.

        Keep your left arm straight.

        Long/Fan

      • Stock:

        Did you type that whole big note by
        yourself? You ain't no >65 year old, you codger
        you!!

        Me and RW are going to get together for an old
        fashioned lunch somewhere. You got any cracker barrels by
        you? I lvoe the dumplings.

        BBT is going to hit
        36 by year end. Thats my prediction. I had gert by
        soome at 25.

        Doctor JunJun

 
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