a very long-term owner of BBT and a great admirer of Allison. I can even remember the old SNB symbol. The earnings numbers look remarkable now that the money center banks have stumbled. My only question is when will the rest of the world notice this bank's efficient operation, high asset quality and growth expectations?
Most of my stock certificates have SNB on them because I first got into this stock through Union Trust Company, Independance National, Southern National and now BB&T. That will date me to those of you that have been around that long.
John Allison, the one and only time I met him, greatly impressed me. I have had no reason to change my mine about him and his operation of BB&T. Like Stock, I would like to see stockholders getting a little better deal. However, I am going to put my trust in Allison and his team to bring me great rewards somewhere down the line.
I suppose none of us remember the bank as a rural association when it began in 1872. But, RW, your cost basis must be miniscule. Stock bought as late as 1990 would have had a cost basis (adjusted for one 2 for 1 split) of $2.00. I don't have your bragging rights, but I sure can't complain about my stock bought in 1993. And, I agree, as long as this well-run machine has as much on the ball as it does, who cares about the stock price. I won't sell it anyway.
I too have some of those SNB certificates from the stock split. Even though I'm in the east, I thought Clyde Stutts, Tete Pearson et al did a good job with their banks and their s/h have done well by the mergers. Good Luck.