Wfc Book Value Is $23.43 Per Share. Buying A Dollar Printing Machine For 85 Cents.
Q: Based on Google balance sheet, Total equity of 99,068 / 4,228.63 shares outstanding, Book value is $23.43. Based on Yahoo balance sheet, total equity of 99,084 / 4240 shares outstanding, Book value is $23.37. Based on MSN money Key statistics, Book value is $23.43 At a $20 share price / $23.43 = .85 Price to Book. WFC averaged for the past decade 2.3 Price to Book and P/E of 12. A $25 book trading during "normal" boring market activity would price this gem at $57 per share. An eventual $4 EPS will bring $48 per share. Somewhere in between $48 to $57 the truth can be found. It's $20 right now. this is a no brainer. Insiders bought big. Their competitors are down and out. Market share base has doubled. Imagine if no one played casino with this stock. Everyone would enjoy a $45 price right now.
A: Welcome back Bud! We can always count on you to give us true facts, unlike others who have presented false information in order to drive the price down. Book value $23.43 = we're trading at 3/4th the book value right now! Thanks, Bud for the valuable input you give to this message board. Time to buy more! Facts are facts. It is the interpreter that makes things relative. The Shorts like to pick up hundreds of pennies from the ground throughout the year. The Longs follow the Shorts and patiently wait for the Short's wallet to fall out of their back pocket in the process, and silently pick it up. A lot less work, less taxes, less embarrassing, while maintaining one's adult dignity. Day-trading is for kids, and those in the lower tax brackets. When you are in the 36% bracket, it no longer pays to day-trade. actually, part of that equity is pref shares. i believe companies common shares trade on a common share book value multiple, not simply book value. compare the equity section to last year and you'll see the $25B in TARP funds, which are costing them 5-6%, or way too much. don't get me wrong, i'm long on the stock, but we need to look at the actual balance sheet and not google/yahoo/msn. Preferred Shares: 2008 31.332B versus 2007 0.45B Book Value of Eq - 31.332B = 67.75B there's "cumulative other income/loss" of 6.8B, these are just paper losses. when they become realized, they will be tax deductable, so you get about 2B back, putting book share of common share at appr. 70B versus 79B market value. Aren't Preferred shares considered Long term Debt, similar to a bond, and carried under the liabilities LTL column and not the Owners Equity column? Preferred share owners get preference in dividend pay outs, have no voting rights, and can get "called" any time. I think Retained Earnings just gets divided by the Common shares alone and is also used for P/B calculation.
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