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BB&T Corporation Message Board

sugarfox98 15 posts  |  Last Activity: Jul 25, 2014 3:36 PM Member since: Jun 17, 1998
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  • Reply to

    Earnings Response

    by recombinantman Jul 25, 2014 2:11 PM
    sugarfox98 sugarfox98 Jul 25, 2014 3:36 PM Flag

    Could you explain that a little more? I was not aware that the inversion would create a taxable event. Thanks!

  • sugarfox98 by sugarfox98 Jul 22, 2014 8:00 AM Flag

    (S&P Capital IQ) Print

    We lower our target price by $2 to $38, an above peer 12.8X our forward four quarters EPS estimate of $2.97. Peer median multiple is 12.0X, and BBT has traded at an average of 12.6X in last 12 months. BBT reports Q2 EPS of $0.58 vs. $0.77 (GAAP) and $0.70 vs. $0.79 (operating), missing our $0.77 forecast and the Capital IQ consensus view of $0.75. One-time mortgage-related and tax reserve adjustments reduced EPS by $0.12, but BBT is facing strong net interest margin pressure. We cut our '14 EPS estimate to $2.74 from $2.89 and our '15 EPS estimate to $3.00 from $3.34.

  • sugarfox98 by sugarfox98 Jul 21, 2014 11:37 AM Flag

    FBR Capital just upgraded from market perform to outperform.

    Sentiment: Buy

  • sugarfox98 by sugarfox98 Jul 21, 2014 8:54 AM Flag

    Interesting that BB&T took a large reserve against defective FHA Mortgages even before the HUD audit has started. Apparently this is based on triple-damages that HUD has assessed to other lenders. Jamie Dimon with JP Morgan has even said they will seriously consider cutting back on FHA mortgages. Would not be surprised if other lenders follow suit.

  • sugarfox98 by sugarfox98 Jun 27, 2014 9:15 AM Flag

    Had a call today because I had not voted my proxy which I had just received. Anyone else? I can't remember a call for previous proxies. Just seemed odd.

    Sentiment: Buy

  • sugarfox98 sugarfox98 Jun 2, 2014 9:09 AM Flag

    Shire has lined up a $5 billion credit facility from banks led by Citigroup to finance a takeover offer for NPS Pharmaceuticals, an American developer of a new drug for sufferers of a debilitating bowel condition.

  • sugarfox98 sugarfox98 May 20, 2014 7:58 AM Flag

    Looks like they beat by a penny. Strong net asset value too. Should move us up today.

    Sentiment: Buy

  • sugarfox98 sugarfox98 May 20, 2014 7:55 AM Flag

    (S&P Capital IQ) Print

    We are raising our target price by $0.50 to $9 approximately in line with peers and AINV's recent net asset value with a slight discount to the stock's historical valuation. As a closed-end investment company, AINV has an attractive dividend yield at 9.8%, above peers. Even though it has become more challenging to find high yield investments, we believe AINV can find attractive risk adjusted returns to maintain a weighted average yield on its total debt portfolio above 11%. Also, the firm has broadened its investments to senior secured loans and energy investments.

    Sentiment: Buy

  • Reply to

    Upgrade by Credit Suisse

    by greenbacks98 May 5, 2014 9:18 AM
    sugarfox98 sugarfox98 May 5, 2014 10:45 AM Flag

    About time BB&T got some love.

    Sentiment: Buy

  • sugarfox98 sugarfox98 May 5, 2014 10:43 AM Flag

    Apollo Investment Corp. (NASDAQ: AINV) was raised to Overweight from Equal Weight at Barclays.

    Sentiment: Buy

  • sugarfox98 by sugarfox98 Apr 18, 2014 9:09 AM Flag

    (S&P Capital IQ) Print

    We lower our 12-month target price by $5 to $40, 13.4X our 12-month forward EPS estimate of $2.99 and 2.1X tangible book value per share, multiples slightly above BBT's historical and peer multiples. BBT posts Q1 EPS of $0.69 vs. $0.29, matching our and Capital IQ consensus forecasts. On Q1 results, we see loan growth as not strong enough to offset downward pressure on net interest margin, leading to below-peer revenue growth in '14. We lower our '14 estimate to $2.89 from $3.07. Also, earnings are more dependent on reserve releases than at peers, a negative in our view.

    Sentiment: Hold

  • Reply to

    The Dumpiest stock in the market

    by msenny22 Mar 12, 2014 4:43 PM
    sugarfox98 sugarfox98 Mar 12, 2014 4:59 PM Flag

    Added more shares today. This should play out soon & head back. Look at it as a gift.

    Sentiment: Strong Buy

  • sugarfox98 by sugarfox98 Jan 28, 2014 10:15 AM Flag

    Downgrades to Equal-weight with $43 target. Take heed.

  • sugarfox98 by sugarfox98 Oct 24, 2013 10:39 AM Flag

    In a report published Thursday, Stifel analyst Amir Arif downgraded the rating on Suncor Energy (NYSE: SU) from Buy to Hold, and removed the $36.00 price target.

    In the report, Stifel noted, “We are downgrading SU from Buy to Hold on fair valuation. With the name having essentially reached our target price and now trading at 5.1 2014 EV/EBITDA and 90% of risked NAV, we believe the name is fairly valued in the near term. With the company already showing a greater willingness to return some free cash flow to shareholders (increasing dividends, share buybacks) and with near term production growth already defined (2-3 years), we do not see any company specific drivers to cause a relative outperformance and the name should move with crude oil in the near term. Bottom line, with no company specific drivers expected in the near term and the stock at fair value we are downgrading from Buy to Hold.”

    Suncor Energy closed on Wednesday at $35.31.

    Sentiment: Buy

  • sugarfox98 by sugarfox98 Aug 8, 2013 11:52 AM Flag

    Bank of America Reiterates Neutral Rating on Apollo Investment Following FYQ1'14 EPS Report
    11:16a ET August 8, 2013 (Benzinga) In a report published Thursday, Bank of America analyst Kenneth Bruce reiterated a Neutral rating and $9.00 price target on Apollo Investment (NASDAQ: AINV).

    In the report, Bank of America noted, “AINV reported FYQ1'14 operating EPS of $0.25, above our $0.20 estimate and Street consensus at $0.20, driven by higher investment income offset by yield compression. Higher dividend income and Other income helped fuel the beat vs. our forecast. AINV's portfolio appreciated nicely and investment activity was robust, with gross fundings reaching their second highest level ever. At the same time, the portfolio yield fell after being stable the last three quarters. Net asset value (NAV) also declined to $8.16 from $8.27, in part due to a $96M realized loss. AINV's FYQ1'14 results show some nice progress, given the healthy investment activity, portfolio growth and better credit, but we remain concerned about falling asset yields. Maintain Neutral.”

    Apollo Investment closed on Wednesday at $8.05.

36.70-0.32(-0.86%)Aug 1 4:01 PMEDT

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