I've read over this BB for several months and I must say, I'm quite amused by all of the misinformation. I've owned the stock for several years and have been aggressively adding to my position between 25 and 27.
This is an exceptional company. They give a "home town" service feel and yet offer many exceptional services. We have our mortgage with them and do some of our investment services and all banking. The ONLY weakness for this company is the aftermath of Hurricane Floyd with @2Bil losses east of Raleigh. BBT has shared that weakness although temporarily. The Federal and State programs will completely obviate this issue by summer. The oversold condition will snap back to the high 30s and add the strength of any new programs/acquisitions/etc. I project 45 by August.
..in NC about this, although it's surfaced a couple of times in the past years due to analyst speculation about the great fit. Mergers have to be done when they're available, so if the CEO & Board decide to sell, I hope BB&T wins the race. I haven't looked at their numbers or relative stock price performance but the franchise fit would work well - BB&T has enough presence there to create synergies.
really too many? Old/new rumor on FVB. Just because it's not new, dosn't make it false. IMHO, they do need to "finish" VA and this one could do very well in that respect. F&M could too. Probably others in smaller chucks. Real question is, would they chance it - given everything else going on?????
If this was WB, probably not. But I fear that JA and his team feel that they are somewhat invinceable at this point. This is not uncommon and the only difference between that and failure is that they have been sucessful. I mean what I just said. Thay have pulled it off in the past and that's not a bad predicter for the future. But............
If BBT is like most other companies and I assume this applies to banks as well, geographic expansion can strain your "system" like nothing else. You may pick a winner, but the strain of incorporating it make make it and you, a loser. This is not picking a loser (Regional Acceptance appears to fit this bill IMHO), this is picking a "pass" when you're cracking around the edges. Is BBT there? I don't know - certainly hope not. But I think bbttobe has a valid point.
Last point of mine - I think a MOE with someone with solid management to share the load would help. Not easy to pull off (anybody from SNB left, really?) but a valuable step up when done well. You heard it here first! Course, I'm probably wrong again!!!
I suspect that this acronym has some meaningful content. Deprived of that arkane insight , however, my assumption is that it is negative and therefore had to be camoflaged as an acronym. You identify yourself as a misinformed shareholder ... sadly, I suspect that this is accurate, which of course begs the question, why are you a shareholder? Over my months of watching this board I have seen several posters with valuable information driven away by adolescent praddle and caustic commentary. Let's raise the bar. :-) Have a nice day!