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BB&T Corporation Message Board

  • worrywarthog worrywarthog Dec 7, 1999 6:58 PM Flag

    Forget the Propertynut. What about that

    decline of over 4% today for BB&T! Does somebody know something that hasn't been made public yet?

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    • There is a dirty, unconfirmed rumor on the street
      that a NC based bank is preparing to acquire Union
      Planters. This is Not to say the rumor is true, of course,
      but is merely to let you know in case you haven't
      heard it yet.

      GOOD BULL.

    • and I am glad of it. I too did a little research
      on UPC just because of that rumor (so I counted
      myself among those silly people who put in motion by a
      mere rumor in the wind). If BBT does buy again, it'll
      drive the share price lower again, and already we are
      staring at year's loss of about 25%. Ach du lieber! But
      here in northern Virginia, almost everybody keeps
      telling me that this where the really big boys (banks)
      want to be and several of them (WFC, C ...) have their
      eyes on BBT. And if BBT moves into Tenn. and further
      west, that will make BBT all the more tempting a morsel
      for the likes of WFC ...

    • Stock drop appears to be a classic overeaction to
      the USB news about missed earnings. I doubt that BB&T
      and a slew of other banks caught in the down draft
      will warn about earnings this quarter. Banks that
      depend too much on the interest spread may be in trouble
      though. I see a lot of bargains now including BB&T. My
      favorites are FBF and SVRN for those with a year or more
      horizon. Allison has done a decent job of diversification.

 
BBT
37.65+0.25(+0.67%)Sep 28 4:01 PMEDT