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

To: Paul Senior who wrote (59147)3/3/2017 8:19:41 PM
From: MCsweet  Respond to of 78702
 
I don't see any reason to use stated book value for ALLY (or banks in general). I think adjusted tangible book of 26.15 is more appropriate and because of its narrow focus on car loans and low ROE, that ALLY deserves to trade at a discount to tangible book.

MC



To: Paul Senior who wrote (59147)10/9/2017 4:39:17 PM
From: Paul Senior  Respond to of 78702
 
ALLY. I'll step up for a few more shares here. Stock could still be a value here, trading under stated and tangible bv. Otoh, at multiyear high, maybe not.

Aside: EKS Graham number is $39 with stock at $~24.


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