NBS 0.00% 9.9¢ nationwide building society.

What is it about NBS that attracts so many to make their first...

  1. 1,541 Posts.
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    What is it about NBS that attracts so many to make their first HC post on it?

    I really find it difficult to see how anyone could justify purchasing this stock.

    Okay, so take a speculative punt on a $700m contract being signed (or, even more speculatively, actually being realised in cash payments). Even then, over 15 years, a $US700m contract alone is probably barely enough to justify the current NBS market cap of $57m+ at any half-reasonable discount rate. Yawn.

    And I am totally puzzled as to why anyone taking a speculative punt would also be "in for the long haul" - something that implies a long term value investment.
 
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