When Beneranke raises rates!
Which won't be for a while, as they keep pro porting, when they do it will be very slowly. The US government has huge debts, if not more than 100% of GDP in the future. A 25 basis point rise, would affect bond yields and cost the US government $$$$. Hence the reluctance. Viscous cycle.
If the consumer worldwide starts to spend that could help the price. BBG earns in many currencies though and it's s global venture with a good name.
Most likely on pure book value it will bounce, but anything can happen. Meanwhile I'd park my cash elsewhere. If it drops further, maintains it's dividend (tough to do if revenue is slack) I'd buy. For now I'd wait till there is more clarity. Retail is a tough sector right now, if your game, some good value. Bottom picking is a tough job. Fruitful if your right, not so if your wrong. Don't predict, confirm and buy.
At the end of the day it's your cash, make your own call!
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