Recent

% | $
Quotes you view appear here for quick access.

BB&T Corporation Message Board

greengrassjack 24 posts  |  Last Activity: Dec 2, 2015 12:27 PM Member since: Mar 24, 2011
  • Reply to

    BBT

    by c6at1952 Nov 29, 2015 5:21 PM
    greengrassjack greengrassjack Dec 2, 2015 12:27 PM Flag

    You must not be speaking of the John Allison I worked with for 33 years. The John Allison I worked with was anything but incompetent. He and team members like Henry Williamson, Scott Reed and Ken Chalk were responsible for growing BB&T from a $300 million eastern NC agricultural bank into a super regional financial powerhouse. John Allison was one of the most innovative leaders in banking. He created the model for converting mutual S&L's so that they could be acquired and acquire he did. I clearly remember during my time at BB&T Allison established BB&T as the acquirer of preference for literally dozens of S&L's. He incorporated some of the basic principals of classical philosophy into very practical and meaningful business application for molding core values and beliefs. So you're disappointed with BB&T's stock values? I wish it could have steadily appreciated as well (as I own their stock) but looking over the past 7-8 years with rates dropping dramatically coupled with added regulatory compliance expense and maintaining a proper level of investment in technology, it's been a rather heavy lift to grow earnings/EPS. Add to that the Fed's mandatory reduction in dividends and you have the basis for stagnant stock value appreciation. But if we're comparing to other financial stocks, how's that BOA stock working out for you? I suspect you have some other motive for attacking John's character, why don't you just be honest about it since you can do it anonymously? In my opinion John Allison is not incompetent in any respect rather he is one of the most intelligent individuals I have known and even among his enemies I suspect they would acknowledge that fact.

  • greengrassjack greengrassjack Aug 5, 2014 4:02 PM Flag

    What has the above comment got to do with this board? This board hasn't been very active for a while but I'd rather it inactive than to have some totally irrelevant comment like this made.

  • greengrassjack by greengrassjack Jun 7, 2013 11:23 AM Flag

    Come on guys, we're north of $33. I understand that could colapse in minutes but for a while now we've seen a gain in stock price and dividends are gradually being restored, seems someone would have something to say. Been a long time since we heard from Norm or Boat or Askew, miss hearing what you guys are thinking, positive or negative. And, Henry Williamson, if you ever tune on to this board, know that all of us old former BB&Ter's speak of you often and remember you fondly, you were a great leader and a void was created the day you retired that has never been filled!

  • greengrassjack by greengrassjack May 29, 2013 4:40 PM Flag

    Price has risen to above $33 and no comments? I suspect many folk are disgusted with this new format, just look at the comments under "summary", but they are completely ignored.

  • Reply to

    BBT overvalued with a score of 5.5...

    by khalilah.khalilah Dec 7, 2012 2:00 PM
    greengrassjack greengrassjack Dec 7, 2012 4:41 PM Flag

    So what does that say about Extreme Value Stocks, who's listening to them?

  • greengrassjack by greengrassjack Sep 20, 2012 12:59 PM Flag

    Hey Norm, Inlet, where have you guys been? Have missed your posts. Any thoughts on recent price gains? Can it be sustained, increase further? Anything in general?

  • Reply to

    PRICE TARGET $40

    by monett4 Apr 24, 2012 12:07 PM
    greengrassjack greengrassjack Jun 14, 2012 2:01 PM Flag

    My goodness queerfoo you're psychoanalytical skills are equal to your political acumen, ergo, ergo. You don't worry about any facts you just jump directly to your preconcieved notions. Now you've got me all worked up about your motives! But you have a good day now you hear.

  • Reply to

    PRICE TARGET $40

    by monett4 Apr 24, 2012 12:07 PM
    greengrassjack greengrassjack Jun 11, 2012 4:46 PM Flag

    OK nobanker, you made some interesting claims. Unless you were/are an insider, how did you obtain this information (other than the one earnings call in 09 you alluded to)? Seems to me you have a lot of energy around this stock to have developed the amount of knowledge you seemingly possess. What would make someone who is so critical of a company expend the energy you apparently have and continue to do by following it, even writing blogs? Are you a malcontent because you got turned down for a loan or were you a former employee who got the ax? What's your motivation?

  • Reply to

    PRICE TARGET $40

    by monett4 Apr 24, 2012 12:07 PM
    greengrassjack greengrassjack Jun 8, 2012 12:56 PM Flag

    To suggest that BB&T was lucky due to the fact they lacked the knowledge or sophistication to participate in "exotic" investments is simply an uninformed and inaccurate statement. What I'd say is that it was precisely because they did understand the risks involved they chose to avoid these products. I worked for the company for 30 years and over that period observed John Allison, Henry Williamson, Ken Chalk, Scott Reed and Kelly King. Now I'll have to say toosmart that judging from your posts alone you don't impress me as one who could go toe to toe with John or Henry. BB&T has grown from a $350 million eastern NC agricultural bank to $175 billion multi-state franchise. Other than criticizing this organization, what have you accomplished?

  • Reply to

    PRICE TARGET $40

    by monett4 Apr 24, 2012 12:07 PM
    greengrassjack greengrassjack Jun 8, 2012 9:12 AM Flag

    I'm not sure exactly what you mean when stating that BB&T is run like it was in the 60's. Here's what I do know,they have a long tradition of being fiscally conservative. They are not overly concerned with trying to impress anyone by taking unnecessary risks to demonstrate their financial savvy. If avoiding bizarre and esoteric derivitive-type investments and insisting upon properly underwritten, structured and priced loans is what you're referring to as 60's banking, then I have to say they are right on. There's consultant's, brokers, etc. out there pushing all sorts of leveraged strategies and exotic products. You don't have to look too far to see which banks took the bait and have since been paying the price. I do agree that markets and products and client needs and demains change with time, no doubt about that but I also understand that sound banking fundamentals do not. The trick is figuring out how to maintain a sound balance sheet while generating an acceptable level of earnings to keep the shareholders satisfied while meeting the product and servicing needs of the customers. Nothing really fancy about that and my view is that maintaining a high degree of self-discipline and executing on basic, sound and solid management principals will carry the day and keep you out of the ditch. People criticize BB&T for not being "in vogue and with it". Look at the former First Union and what's happening with BOA as just two examples, is that the course you are suggesting for BB&T?

  • Reply to

    Norm Rest of year?

    by bill44syr Apr 19, 2012 4:46 PM
    greengrassjack greengrassjack Apr 20, 2012 8:50 AM Flag

    Thanks Norm, appreciate the comments. There is one person, a former member of the senior management team that had the respect and admiration of every employee I knew (I was an employee for 30+ years). Henry Williamson was a brilliant banker and a great leader. Henry, those of us who knew you and were priviledged to work with and for you have really missed you. It would be great if we could hear from you on this board as no one has ever commanded the respect and complete credibility that you did. Your opinions would be very welcomed!

  • Reply to

    Norm Rest of year?

    by bill44syr Apr 19, 2012 4:46 PM
    greengrassjack greengrassjack Apr 19, 2012 5:16 PM Flag

    I'll give you this, you've got the right name for yourself, Mr. Bendover! You know of course you are a joke and without any credibility whatsoever. Even those individuals that disagree with Norm have far more respect for him than they do for a troll like you that has nothing to contribute.

  • Reply to

    BBT buys Synovus

    by wham5575_1999 Feb 29, 2012 11:37 PM
    greengrassjack greengrassjack Mar 1, 2012 12:59 PM Flag

    Guess I missed it, who whissed in this guys cherrios? Also, what is the source of this info?

  • Reply to

    BBX deal announcement coming soon !!

    by morrisdavid93 Jan 26, 2012 3:33 PM
    greengrassjack greengrassjack Jan 27, 2012 2:43 PM Flag

    If you don't have anything to contribute why don't you get off this board?

  • Reply to

    BBT profit

    by scarbrobill Oct 18, 2011 3:20 PM
    greengrassjack greengrassjack Oct 18, 2011 3:44 PM Flag

    I share your disillusionment as I am in ther stock soley at this point for the dividend, the value is going to be stagnant until the dividend is restored to historic levels. But from a practical standpoint, managment and the BOD know that they can do whatever the want, shareholdes just can't get organized in any meaningful way to bring any real pressure on them!

  • Reply to

    Hurricane Irene landed in North Carolina

    by c1smittycc Sep 1, 2011 4:50 PM
    greengrassjack greengrassjack Sep 2, 2011 8:58 AM Flag

    Thank you Norm for providing factual data. I'm amazed that some of the posters we get on this board would think that their opinions (not supported by any facts) would pursuade anyone to their point of view. I certainly do not agree with all of management's decisions however as a former employee engaged in lending I can affirm that no loan was/is closed without verification of adequate coverage with BB&T named as mortgagee. And listen, even if the borrower later allows that coverage to expire, the bank has a blanket policy that would protect them in the event of a loss. The risk of insurance losses is well mitigated!

  • Reply to

    BB&T shareholders to get annual 'say on pay'

    by dhrosier Aug 29, 2011 6:33 PM
    greengrassjack greengrassjack Aug 30, 2011 12:44 PM Flag

    Lets put it this way, executive management should never receive a permanent increase equal to twice their annual earnings. If the BOD does that, then how can they further justify an incentive program. But sharing some of the wealth with the lower paid employees is certainly appropriate. Kelly's $5 million increase spread among the lower paid staff would have had a far greater positive impact and not met with the shareholder outrage that his "salary adjustment" did.

  • Reply to

    BUY OVER 25.80

    by author902 Jun 8, 2011 4:32 PM
    greengrassjack greengrassjack Jul 20, 2011 8:25 AM Flag

    While I can appreciate your concern c1smittycc for continued mortgage loan deterioration, I think you rationale for suggesting that CNB's mortgages will "nonperform" in lockstep with BAC is flawed. Granted, CNB did not have the same loan underwritting standards as BB&T but to suggest that their asset quality will deteriorate because BAC's is detreriorating is not a valid argument in my view. And one final point, I was unaware that the FDIC excluded mortgages loans from their loss sharing program.

  • Reply to

    BUY OVER 25.80

    by author902 Jun 8, 2011 4:32 PM
    greengrassjack greengrassjack Jul 19, 2011 8:21 AM Flag

    I thought this was an FDIC assisted acquisition with the FDIC taking the majority of any loan losses. How can BB&T be 'over-exposed' on CNB's loan portfolio? That transaction looks like all upside to me.

  • greengrassjack by greengrassjack Jul 13, 2011 10:12 AM Flag

    When will the 2nd quarter dividens be paid?

BBT
36.95-0.04(-0.11%)Jul 27 4:03 PMEDT