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Strategies & Market Trends : Value Investing
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To: 8bits who wrote (25750)1/17/2007 11:46:07 PM
From: Spekulatius  Read Replies (2) of 78748
 
Wow, it looks as if Schwab was selling for less than cash last July. Thanks for the heads up. Do they having any liabilities that are not readily apparent..?

Yes SCHW has lot's of liabilities. All financial companies do. Tangible book per share (about 3$) is the important number, not net cash (Cash-liabilities) and this number is much lower.
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