UBS's new PE= 231
will be the new PE starting out
CS lost $7 billion
UBS made $7.3 billion
check my numbers
MC UBS 69.4B
PE = 69.4B/0.3B = 231
initially it will seem like a shot to the foot, but they will layoff people and close divisions, but function on lower income overall
check my numbers
expecting a 20% drop for a while, maybe more if it doesn't go smoothly
they said it will close within a year, rather slow to close
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Also, seems to me they should have let other banks bid on CS and the stock holders or bond holders might have gotten more money back
fast tricks behind curtains
also, why didn't they bail out CS instead? maybe a good reason?$Credit Suisse Group AG(CS)$
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