DIBS, booked value for banks is the ultimate black box – ie who the F really knows. C back in the glory days is a 200B mkt cap (just me throwing out a guess)? so we’re saying current version is worth a little more than 50% of old glory sell when its earnings were 7-8B a year? you can argue it’s not pricy relative to other stuff in mkt – that I might be convinced. but to say 112B is not pricy is a hardsell
m4l, knowing nothing else about book value, revenues, fee income, etc, you can make no assessment as to whether or not that market cap looks expensive.
That’s what i refer to as Chinese retail evaluation.
The stock is cheap if it’s $2.55 and expensive if its $22.55!!!
Out of context, the price and the market cap mean absolutely nothing.
It’s going up, m4l.
“so apparently the MGMT album is all sorta 60’s sounding much like the Byrds or Mamas and Papas”
haha – those guys seem like nuts. I’ll def give it a listen but I have a bad feeling it’s gonna suck. 🙁
Could tell the last few times I saw them live they hated playing the poppy songs that got them popular to begin with.
The COTD and HOTD are boring.
DH – yes that’s it – it sounds too Beatles
so apparently the MGMT album is all sorta 60’s sounding much like the Byrds or Mamas and Papas
thoughts?
DIBS, booked value for banks is the ultimate black box – ie who the F really knows. C back in the glory days is a 200B mkt cap (just me throwing out a guess)? so we’re saying current version is worth a little more than 50% of old glory sell when its earnings were 7-8B a year? you can argue it’s not pricy relative to other stuff in mkt – that I might be convinced. but to say 112B is not pricy is a hardsell
stocks are boring
C is selling at $4.00 and tangible BV is $4.15
GS is selling at $170 and tangible BV is $108
WFC is selling at $29 and tangible BV is $15
One still shouldn’t make a decision just on BV alone.
guess I should be happy those junk stks are up cause $$$ recoup’d is better than gone 4ever
m4l, knowing nothing else about book value, revenues, fee income, etc, you can make no assessment as to whether or not that market cap looks expensive.
That’s what i refer to as Chinese retail evaluation.
The stock is cheap if it’s $2.55 and expensive if its $22.55!!!
Out of context, the price and the market cap mean absolutely nothing.