Weekend vibes.. Book value doesn't have much bearing onto the SP...

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    Weekend vibes..

    Book value doesn't have much bearing onto the SP which is sentiment driven, I agree.

    However, it does have a bearing in terms of what risk to reward ratio you are paying in case of dooms day.

    Also the valuations they use for their assets are also usually understated - meaning it is usually on the lower spectrum... Imo anyway.
 
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