Let's try to put the last two years in perspective. Back in 2007, when SunTrust hit $94 per share, suppose they sold to JPM. Not for $94, but let's just say for $60 per share. That's being very conservative about what it might have sold for back then. Now do a fast forward to October 2009, with the former SunTrust shareholders now owning JPM shares instead. Just think for a moment how well off SunTrust's shareholders would be today as JPM shareholders VS. $19 per share soon headed to $14 and no dividend in sight.
This may help get the point across:
You are one stupid piece of dogcrap.
You claim that "your family" owns no more stock.
You have no idea what will happen over the next 5 years. SunTrust is situated in the fastest growing areas of the county with very good market share.
There is the potential for explosive growth and profits.
This is currently a downturn. This is not the first and wont be the last.
You need to get a life, some kind of life and stop posting such ridiculous garbage.
Hey,RDM, I think plenty of us are sick of your silly comments. Who died and put you in charge anyway?
By all means, please liquidate everything you have in life and put it all in SunTrust stock if you want. But apparently you just can't handle the truth,which is that SunTrust has been a grossly mismanaged operation for many years. And that's being nice about it. What was the price of SunTrust shares in 1998 and what is it today? That pretty well sums things up, wouldn't you say? If you don't want to accept that unpleasant truth, than so be it.
Looking forward to brighter days with STI requires a telescope.
Bottom line, this stock will take a LONG time to return to its pre-meltdown trading levels. If one really wants to hold it long term, they should at least unload it now for tax loss purposes and re-buy it 30 days later, probably at a discount.
If only.... Living in the past again? If only.... what the hell difference does anything that happened a couple of years ago have to do with NOW? I have covered my put short at a substantial profit. I might go for it again should you guys get the stock down, or might even buy outright. Suntrust has been very good this year, but I was never in for the long ride down. My advice.... Look to what can happen in the future!
I agree that investors can only go forward, but the problem is that this company's management is unchanged from 2007 -- and let's just say they have not inspired confidence going forward, based upon their past record.