By the way: Did you use as many obscure and irrelevant words as you could find in the dictionary to prove a point? Or are you just that proud?
Really? I never heard a redneck use the word "besmirch" before. How insightful you are! This is great! Our whole "culture" revolves around a catch phrase used by a standup comedian making millions from cigarette lighters in convenience stores!! Fantastic!!! It's no wonder the rest of the country hasn't realized our potential and we have to get defensive every time someone attacks us!!! Please, don't fit the stereotype! Be yourself!
Sorry, man. Companies do exist to make shareholders more money, but I'm afraid you are wrong about the second part. The employees are the ones who interact with the customer. So, the better you treat employees, the better you treat the customers and in turn the more money customers give you because they like you and your happy employees. Thereby making the shareholders happy.
Take a look at SAS and Jim Goodnight. That guy knows how to treat an employee. I bet the instructors at SAS get offers from every corner of the globe on a daily basis. Yet, they stay at SAS (at least the ones I know).
To the posters from Wilson: I'm sitting on the edge of my seat waiting for someone to post "Git-R-Done!" It's so close! One more metaphor about chickens or farmers or what mama said and I'm going to post it myself. Please... just because you are from eastern NC doesn't mean you have to act like a redneck. This comes from a local, born and raised.
I think it's inevitable that BB&T will be bought, eventually. I don't know when, but I just don't think they can compete nationally the way things are right now. It just doesn't make sense that the only way to grow is through acquisition. If the only way a company can get bigger (i.e. better) is through buying other companies, then it's bound to fall.
And to those folks that are so defensive about BBT being bought, I've got to say... what do you care? If they get bought, the stock that you hold has to go up (or at least, do something). I mean what are you so defensive about anyway?
Perhaps its time for JA to retire and let someone else take over and see what they can do with it. To stay alive, you have to adapt and change. Otherwise, you stay stagnant and you're dead.
Yeah, that's what I said. It declined in the wake of 9/11 and the Enron (others) scandal. Whether it was doing well or not before isn't the issue. What happened between September, 2001 and December, 2001 started the decline. What CSC did doesn't have anything to do with it.
The market started heading down after 9-11 and then the Enron (and others) scandal. It would have happened no matter who was in the White House.
Cross-selling isn't easy? It's got to be easier than making an original sale. I would think getting someone in the door would be more difficult than trying to sell another product to a person that is already a customer. I mean, if they say NO to a second product the first time, they still are going to be in contact with the bank for service on their original product. If they like the relationship enough, the customer will give you his/her business.
BB&T needs to change it's philosophy of higher price for better customer service. They need to be able to compete on price. Customer service SHOULD be inherent in the business anyway. BB&T will survive, but it needs to make some changes.
Hey BB&T, compete on price and customer service at the same time!! There's a novel idea!
State Street is too big for a MOE with BB&T. Plus, I think State Street isn't into all of the lines of business that BB&T is into. Just a thought. I could be way off.
I posed the question of RBC not too long ago. Of course, the only response I got was from Stillginyit who said the same thing he always says. Stillgin, you remind me of a broken record.
Letme, it's nice to have someone out here that wants to discuss business, no matter how remote the chances that BB&T will get bought out are. All you get nowadays are cheerleaders. Personally, I like hearing all of the talk about MOE's and buyouts. It makes the board interesting to read. What if we had 10 posters who all said "BB&T is the greatest organization ever. I love John Allison. I have his picture on my bedstand and I kiss it every night." It would make for a pretty boring board.
I want to see it but I don't want to give my money or my time to Michael Moore. He's so far left that I'd consider him to be a fanatic. I don't want to support fanatics whether they be liberal or conservative.
What I don't understand is how someone can call themselves a humanitarian, fighting against an evil president and yet say that Iraq wasn't a problem. Whatever Bush has done to decieve the American people is nothing compared to what Saddam did to the Iraqi people.
One more thought: I can't imagine what Saddam would have done to an Iraqi independant film maker who decided to release a film in Iraq bashing the Hussein family. Probably the same thing that Michael Moore does to a cheeseburger.
People, people, people!! For the love of... !At least when Cisco had something to say, it was about BBT.
Why does RBC never come up when talking about mergers or acquisitions with BBT? They should want a greater presence in the US, particularly the Southeast. Anybody care to discuss? Is it too much for RBC? Or are they still working on that Centura thing? Let's just assume BB&T was looking for a buyer.
Or we can discuss Farenheit 9/11. I'm sure there are some opinions on that one!
What about the small start-up banks? A couple of years old with 1 or 2 branches. What about those? Any risk there?
Also, when banks get bought isn't there some kind of stipulation that the ops centers of the selling bank have to be left alone for a couple of years before they can be moved? If BB&T got bought, there would be a lot of out of work, angry folks in Wilson.
First time poster, long time reader.
Anybody else see bank stocks as a great investment? I mean, what's the worst that can happen? It seems that if a bank starts lagging, it gets bought and you can really make some nice ching!! Thoughts? Anybody done bad with bank stocks? I'm talking to the longs out there.