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  • ethison ethison Aug 31, 2010 6:41 PM Flag

    Financial analysis Pt 3. - balance sheet and NAV

    This last statement is much safer than the earlier one.

    I know you don't view RAS as a bank, but in some respects they are similar (in others they aren't). Bigger banks often trade at book, while smaller ones that have special niches can go for up to 2X and takeover candidates can go as high as 3X.

    RAS must (like today's banks) must first live and get itself out of the woods, then it can trade for Book or better.

2.01-0.10(-4.74%)3:39 PMEST