Karen Finerman Shorts BB&T Corporation (BBT) Today
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Karen Finerman, hedge fund manager and Fast Money host shorted BB&T Corporation (NYSE: BBT) at the of trading today. Karen Finerman said that BB&T Corporation has risen too far too fast. In fact, BB&T Corporation has risen over 35% during the past week.
Karen Finerman has made some good calls in the past, but some of her bad calls included: stayed long Crocs (Nasdaq: CROX) to very close to the bottom, covered her Lehman short (NYSE: LEH) before it really ran and missed the solar run.
BB&T Corporation (BB&T) is a financial holding company.
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Comments
BB&T
Good timing Karen! Nice job BB&T. I like the Pension Plan move.
BB&T
BB&T is still a bargain. Returns better than 6%
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Followup to meltdown
Buddo on May 18, 2009 09:12 PMI am a former employee of UCB which was bought by BBT. My retirement is invested in this silly bank. I was dismayed that BB&T does not want to cooperate with Tarp. Patriotic, no? I guess it was ok so long as the board could continue to pay excessive salaries to their porky penthouse types. But, as they said in their letter to stockholders, it would be "destructive to our franchise". What they are realy saying is that not overpaying themselves might disrupt their business plans. Instead, they throw us shareholders under the bus by eliminating most of the dividend. What an executive hog farm. OINK.