Does anyone else wonder if the stock is being driven down deliberately? I believe it is getting closer to the time that stock options are given out. Did a study a few years ago not recently and it was amazing how the stock price was low around stock option time. In any event sure seems to be a lot of options and grants given out for the performance of a share price since the EOY of 1998 price.
I'd bet money that we won't get any decent action like the following information from this CEO or Board of Directors. This company stock is still below the End Of Year 1998 price. Sixteen years of no share price gain and just look at what the BOD and executives officers have received in stock options in addition to their salary, stock grants, bonuses and other things. Shame on them and their greed.
(((((.The lumber industry has been cut down over the past two years, and execs are feeling the pain. Executive bonuses often get ridiculous.
In light of that, Plum Creek Timber Co. CEO Rick Holley just did something quite admirable.
He gave back 44,445 restricted-stock units, worth nearly $2 million.
According to a regulatory filing, "Mr. Holley elected to return the restricted stock units because he does not believe that he should receive such an award unless Plum Creek's stockholders see an increase in their investment return." ))))
What a unique idea that stockholders should actually see an increase in their investment return..
I'm just wondering if BBT will ever reach the same level and hold it as it was end of year 1998. Yahoo states that a share of BBT was at $40.31 end of year 1998 and it closed Friday aty $37.51. Just for information the dividend was 17.5 cent per quarter in 1998. So the shareholders have lost $2.80 a share and the dividend has increased by 6.5 cents a quarter in about 16 years.
Does anyone possibly think or state that this is even an average performance?
How does the Board of Directors, Kelly King and the executives of this company actually take their pay with a straight face?
South Carolina judge orders BB&T to pay $17 mln to misled investor
By Suzanne Barlyn
Tue Nov 11, 2014 4:30pm EST
Analysis & OpinionBlame trial lawyers for GM ignition switch disaster – law prof
N.Y. judge to Wylys: You can’t keep SEC away by declaring bankruptcy
Related TopicsStocks »
Regulatory News »
Nov 11 (Reuters) - A South Carolina judge has ordered BB&T Corp to pay $17 million to a former financial adviser for mismanaging the man's retirement nestegg, a ruling that more than doubles a jury's June award, according to court documents.
Judge Edward Miller in Greenville, rejected a demand by BB&T Corp to overrule a jury's verdict totalling $8.1 million in favor of Francis Maybank, who filed the case against BB&T and two units in 2011, according to an opinion filed late Monday the Court of Common Pleas for the Thirteenth Judicial Circuit.
A BB&T spokeswoman could not be immediately reached for comment.
"We are gratified that justice prevailed and a wrong was righted," said Mitchell Willoughby, one of Maybank's lawyers.
Maybank, of Charleston County, South Carolina, founded a trust and asset management company that BB&T acquired in 2001. BB&T bought Maybank's firm, which managed $700 million in client assets, with 246,000 shares of BB&T company stock, according to the complaint. Maybank hired BB&T's wealth management division in 2006, when nearing age 74, to advise him on investing his retirement portfolio.
BB&T recommended a complex investment strategy involving a type of derivative, a security whose value was linked to the performance of underlying BB&T stock, which BB&T advisers said would help him to reduce his concentration in the company's shares while raising cash to invest in a diversified portfolio, Maybank alleged.
They did not disclose to Maybank that the strategy would force him into an expensive cycle of rolling over one derivatives transactions into another, which meant more fees
Aol's financial site as of today will not let me add or delete a stock to my protfilios.Will they ever get this site to operate correctly? Spent over 20 minutes on the phone with customer service for them to discover what I had already told them that site did not work correctly. So now not only can you not click on an individual stock to get the days details and news, but you cannnot change the items in your protfilios..
•It's a bit of a regional bank pair trade at Goldman Sachs, which upgrades Fifth Third Bancorp (NASDAQ:FITB) to Buy citing the recent underperformance of the stock (off 10.5% YTD), and downgrades BB&T (NYSE:BBT) to Neutral on risks to 2015 earnings estimates.
Just wondering if everyone else is having as much trouble with AOL's financial site as i am. Internet Explorer can't seem to get onto the site and with Google Chrome which they recommend isn't a whole lot better. Using Google Chrome when you try to get the details of an individual stock a message comes up as Bad Request. This has been going on for some time now and doesn't appear to be getting fixed.
Thanks for the feed back.
Why Regional Bank BB&T Is Too Expensive and Should Be Avoided
BYRichard SaintvilusFollow |
10/15/14 - 12:21 PM E
Thought the following article as interesting especially after this earnings report.
NEW YORK (TheStreet) – BB&T Corporation(BBT) continues to spend money like there's no tomorrow, trying to appease shareholders' demand for growth.
If you think this is a buying opportunity, think again. These shares are going to trade in a tight range until the company shows it can produce enough of a return from the money it has spent on acquisitions.
BB&T's shares, at around $36, are off over 3% for the year to date and nearly 10% for the last three months. Shares were as high as $40.21 in July. Shares have fallen below the lowest analyst target of $38, so there's more room to fall. The company reports third-quarter earnings before the market opens Thursday.
Overcompensating for a low interest rate environment is a double-edged sword for the North Carolina-based bank, which has $45.7 billion in total deposits. The bank's balance sheet has already ballooned to a net debt position of $22.57 billion. By comparison, similar-sized regional banks SunTrust(STI) , Fifth Third(FITB) and Regions Financial(RF) have net debt positions of $11.44 billion, $12.65 billion and $77 million, respectively, all according to Yahoo! Finance.
A BB&T representative was unavailable for comment at press time.
BB&T recently acquired 41 retail branches from Citigroup(C) to expand its footprint in Texas, an important growth area for BB&T, which became one of the largest banks in the state, gaining more than $5 billion in deposits. Weeks later, BB&T picked off Bank of Kentucky(BKYF) , paying a 28% premium to become the No. 2 bank there. Bank of Kentucky has total deposits of $
BBT's stock price per share is down from the price years ago and the dividend payment is also much lower than several years ago. I think the price per share currently is below the EOY 1998 price per share and the dividend is about what they paid in the early 2000's.
I'd bet money that Kelly King,other executives and the BOD is getting nice inreases even wih the stock price and earning results.
Wonder how they will justify the money they are getting now with bad earning results?
I'm having lots and lots of problems with the AOL Daily Finance page and was wondering if everyone else is having problems. The site won't let me connect and when I can get connected it kicks me off. This problem has been on going and the last suggestion I got from the site was to switch browers. I mean really.
At end of day today looks to be only a gain of $2.07. I understand your comment about history and prices but didn't you actually do the same thing which you referenced my price in February? Saw the proxy material for BBT today. Take a good look at the strike prices and the years on the options outstanding for the executives.
dhrosier, you are so right. The Dow Industrials were 15,963 on 2/12 and finished today at 16,367 so the over all market seems to be up some too. However, my point was and still is that if you owned the stock on 12/31/1998 and still owm it today you have a gain of a whole $1.61 a share in what over 15 years. Great investment ? In the some time frame just how much has the BOD and executives been paid. Bonuses, stock options, stock grants etc? I did notice that your post was after the fact and you didn't seem to defend them originally.
The following is from an article at SEEKING ALPHA about the value of stocks according to Graham.
BB&T Corporation does not qualify for either the Defensive Investor or the Enterprising Investor. The company has not demonstrated sufficient growth over either the 5 year or 10 year period. Value investors seeking to follow the ModernGraham approach based on Benjamin Graham's methods may find better opportunities elsewhere through research,
A share of stock in BBT EOD 12/31/1998 was $39.16. A share of stock in BBT EOD 2/11/2014 was $37.62. The quarterly dividend in 1998 was 17.5 cents a share and it is now 23 cents a share.
In the years between 1998 and 2014 just how much has the BOD and executives received in salary, bonuses, stock optiions and additional insurance and perks? Was this pay based on the job done?
What happened to the concept that the shareholders were the owners and were suppose to receive the benefits of ownership?
The new financial site seems to be a real mess. I can't seem to get signed on to it with any regularity . Having problems getting my own portifilios up on the site and a really big chore to try to get the protifilios to print out. Does anyone believe that a first class company would allow this to continue for 4 days?