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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (25751)1/18/2007 12:52:44 AM
From: anializer  Read Replies (2) of 78747
 
I think book value is only one aspect of valuing these asset managers and brokers.

As of Sept qtr. Ameritrade had a negative tangible book value of = Net Tangible Assets ($1,058,383)

As of Sept quarter = E trade Financial had tangible assets of
Net Tangible Assets $1,467,916 or about $1.50 per share.

As of the Sept. Qtr. SCHW had tangible net assets of
Net Tangible Assets $3,689,000

I fail to see the correlation between book value and stock price since SCHW has the lowest stock price of the group with the most tangible book value.
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