Throughout my career, the best investments have been in stocks that are seemingly repulsive to most market participants, often due to some recent problems or stigma. These perceptions often lead to the stock being available at a price that is far cheaper than what would be reasonable in just about any "worst case" scenario, offering an ample margin of safety and extremely attractive upside potential. When an investment is so obviously cheap and misunderstood that I can't fathom a way that I'll lose money, I buy very big and am willing to take a very long-term perspective. Such an opportunity exists today in Deutsche Bank (DB), which has been hit by hurricane-like headwinds and now reflects a price that is...
You're like the guy who shows up to the party dressed in 20 year old clothes after everyone has gone home. And then standing there talking to yourself
You didn't cover anything you fool. Like someone said it was a 200 share bad print. The next trade was for a penny more than the close. A non-event. What's your deal?
Aka 35% of tangible book. Hang in there, there's a lot of negatively being spewed but the shorts continue to fight a long term losing battle. I've been investing in banks for a long time, tangible book value always wins.
in Europe or the US. Ridiculous
The Qatari investor that owns the second-biggest stake in Deutsche Bank plans to issue a rare public statement supporting Paul Achleitner as the chairman of Germany’s biggest bank, despite a sharp fall in the value of its shares.
Willie is a gold bug and the disingenuous article that he wrote is from 2014 talking about his view of their 2013 financials. Move on, it's a different world
Are you still hanging on to that misleading slick Willie article from like a year ago? Different bank now with much different management. Do you have any substance?
I disagree, TBV is what is stated in the YE financial report. It's not rocket surgery. They've taken their lumps. Hey, I could be wrong but that's my bet. I've been wrong before
They will have around $44 in tangible book after they unload the 19% of the Chinese bank. I know how these financial types operate. In the last 2-3 Q's he's thrown everything in but the kitchen sink (analysts agree). The only unknown is any "new" settlements with the regulators and many think most of these settlements with banks are behind banks now (Cryan thinks possibly by Q3). Plus banks are starting to push back and say enough is enough. Plus they've reserved a pretty good amount. The other thing, and I will admit it, is business isn't great so earnings will not increase tangible book very much if at all this year - maybe next. They will have to shrink a bit more. Anyway, my bet is tangible book is going nowhere but up from here with possibly a minor hiccup here and there.