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Pacific Capital Bancorp Message Board

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  • STupidProfile605 STupidProfile605 Apr 29, 2010 12:33 PM Flag

    The real discount is!


    By that logic, Bear Stearns really was worth $60 the Thursday before it failed and was worth hundreds of millions of dollars, etc., etc. ad nauseum.

    If your operating assumption is the market price is always the correct price, just buy index funds.

    As to PCBC, caveat emptor.

    This topic is deleted.
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