I hoped I was going to be wrong a while back when I said it looked like BBT would continue to go to GA instead of VA or MD. Oh well, location, location, location, I guess! I now wonder if they have anything left for FVB, FNM, etc. or if this will shut them down for a while. Maybe OK bank, but price is high if previous post is correct. Would a really good one go at 5x ?
By the way, I agree from a GAAP or SEC standpoint, pooling does not technically allow for dilution (and yes the acretion is nice while it lasts), but if that is the case, why do the stocks almost always go down the next day anyway? My theory is that folks ain't that dumb. You pay that price and you bought blue sky somewhere and that will impact the stock price, at least initially. Hey, I hope I'm wrong and BBT hits $40 tommorow, but I don't plan to buy as much as I can at opening to take advantage of the jump! Would you?
After all, the elimination of pooling is intended to bring reality back to the market price. That said, it really dosn't matter in the long run, because a savy investor will see through it either way. Now, if I can just learn how to become a savy investor........ Damn, that's not it! Oh well, maybe you can figure it out.