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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (33032)12/13/2008 5:36:28 PM
From: Spekulatius  Read Replies (1) | Respond to of 78755
 
BK (and several others in this article) maybe value picks but no because of cash. banks always hold a lot of short term liquidity but they also have short term liabilities offsetting those. FWIW BK tangible book value is <5B$ and their market cap is almost 30B$. A company cannot have more net cash than their tangible book, it's that simple.