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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (38521)	7/15/2010 9:26:46 PM
From: Madharry	Read Replies (1) of 78742

I will continue to pound the table on GS especially with suit behind it now. I think the settlement is a great deal for the SEC who did not have a case and the given GS ability to make money it was worth settling in order to put the uncertainty behind them. The guys at fast money have been lackluster on GS from the gitgo except for Scaramouche and Terranova. Now there are several bulls in the GS camp. Frankly, once the news of the settlement broke I was shocked that there were sellers at this level. I figure normalized earnings are around $20. 10 times earnings would be $200 which would also be about 1.5 times book + the value of their funds under management. That to me seems very reasonable for the best company in an industry that has seen several competitor bite the dust in the last couple of years. I will be a holder of my GS shares long term. I bought them at 7.5 times normalize earnings during the suit. Now people can by it for 7.5 times normalized earnings after the suit as been settled and finra seems passed but declawed as far as derivatives goes. Doesnt seem like I got paid for taking the increased risk, but that's the way the cookie crumbles. in my overweight position in GS.

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