why did this thing sell off? this is one of the best banks out there and it pays a kick *ss divy. so people don't like an automatic 12% on their money? wtf? do people not understand that all banks aren't the same?
oh i get it; buy high, when the price is "right"?
That said, BBT does face some obstacles, but so does ANY company in a recession. NCs unemployment is skyrocketing for instance. You could definately make the case of not investing in equities at all in these times, but I honestly don't think the decline in share price has anything to do specifically with BBT, all banks have been pretty much hammered. BTW, the payout ratio hasn't tripped any flags for me yet, but I will keep an eye out on that for BBT.
Some other stocks for those interested, I'm taking a careful look at for those interested in good yields are UBSI and WSBC.
It looks to me like insiders have been buying. Last transaction was a purchase in February at $18.44. Before that purchases in November '08 for ~$26/share. Last real sale looks like $36/share back in early November 2008. Looks like most directors have been purchasing. I don't like to see certain directors with negligible ownership interest (Ronald Deal). Please correct me if I'm wrong. thanks in advance.
They and their "charitable funds" should just finish their buying and get the recovery started. However, OB or O shit for short, has Nancy Pelosi hand up her puppet's back. You know we still cannot get his ecords from colledge etc. Or his tax returns. He is spending millions fighting lawsuits not to reveal that information. But you won't hear that reported.
there are plenty of bank stocks outperforming this one. Now, what does that tell you about this one? Does the big dividend warn you about anything? Stock lost almost 70% to a whole DECADE low, that should be a hint even for the dimmest light out there. I guess the entire world is wrong about this stock while a few know-nothings on a yahoo message board are smarter than that. Is that it? Keep up the good work. Fight the tape. After all somebody has to be cannon fodder.
Usually when the whole market wants out, that is the time to buy. This bank will pass the test and get one of the highest grades in the class. Longs have patience and buy more if you can. I am!
Wait, so you're telling us that whatever price any stock is at is always a dead-on as to that company's actual share value? So back in the internet bubble and a stock was trading for $300 then "the entire world" was right and the people who were saying it was crazy high were wrong? I tell you, I have seen some really funny stuff on these boards lately.