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ING Groep N.V. Message Board

  • jpomper jpomper Sep 13, 2012 2:55 AM Flag

    To management:Sell all parts of ING for Book value, and pay back shareholders

    ING looks like ready to sell everything, including the bank.
    The management is pretty good at it, while fails miserably at managing the business.

    So, seriously, why not to sell everything?
    Sell it all at book value. Currently ING is $8.67, and valued at 0.52 Book value.

    Here is a strategy for you, dear management:
    Sell it all at 1.0 of Book Value.
    Pay all the proceeeds to shareholders. We should get $16.67.
    I think all shareholders will be happy.
    Management gets $10M bonus each, for destroying it all.
    Sound like an executable plan?

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    • charlesmangarella@sbcglobal.net charlesmangarella Sep 21, 2012 7:05 AM Flag

      Agree that the shareholders are the big losers here due to poor management... but lets have them also give back their bonuses due to stupidity and give us $24 per share. Greed and poor management drove a great company into the ground and yet their still benefited.

    • Finally, a good plan, pathetic enough to fit for the quality of ING's management;-)

      Until then, enjoy the current rally.
      Clearly, the FED will ease monetary policy as long as their markets and economy will react. And the EU is following them, so why not dream a sustained bank rally up to book value?

 
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