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BB&T Corporation Message Board

  • ayscuew ayscuew Aug 21, 2011 7:29 AM Flag

    What's next!

    I don't know where BB&T will bottom but do believe it's time to start averaging down (or up). Sometime in the future we will be higher than $19.27 per share. Seems like stock repurchase would be good at this stock price but don't know how much cash we have to hold. Could also take a lesson from BAC and get rid of a few people and cut a few salaries. Kelly King's $10 million pay package last year still makes me angry (understatement).
    Kelly King was on CNBC last week and blames the government for many of our problems. While I agree totally with his assessment I don't believe that we can look forward to a lot of help there. King needs to do what he can do to get share price up.
    Finally, I do not agree with the idea of purchasing another bank at this time. Our own shares are the best value on the board in my opinion.

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    • When I worked there, Allison blamed the government too. Wonder who came up with that dumb excuse for stale leadership first. The Government has done too much to prop up banks. Thats created problems. Small banks need to be aquired at a much faster pace. They could use some money to develope financial products that give them a competitive advantage in the marketplace??

    • I am fairly large shareholder, and I agree with you. A share buyback plan would be a good use of cash/capital. BB&T need not look to buying another bank, unless the FDIC wants to subsidize a great deal.

39.33+0.27(+0.69%)Oct 27 4:01 PMEDT