Monday, May 11, 2009

BB&T Plans 68% Dividend Cut And Shareholder Dilution To Pay Back Tarp Money

Let's see if I can figure this one out. The company has rallied over 100% in the last two months. No dividend. Management disregard for the owners of the company or their future prospects. Increasingly distressed assets. Hmm. Can't wait to buy more of that company's stock. I bet it's going to double again. Twenty or thirty times in the next year.
posted by TimingLogic at 3:10 PM