$Credit Suisse Group AG(CS)$
CS$Credit Suisse Group AG(CS)$ now trading at 1/4 of book value (0.25). Unlike some industries where a lot of the assets' valuation is questionable (for example: patents, or other intangible assets), Banks offer a much clearer and measurable valuation of their balance sheet, as they hold numerical assets. Despite all of the horrific news, we still see Saudi National Bank buying 10% of CS$Credit Suisse Group AG(CS)$ . I agree that all of the news that has come out lately is miserable, or the stock would not be trading at a quarter of its NAV. But it's certainly not a worthless company.Good things will come for those who wait 12 - 36 months, either by way of a successful turnar-ound, a spinoff, liquidation or a combination of these.
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