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I doubt it too..............

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altruism   Tuesday, 01/08/13 01:46:08 AM
Re: JJ8 post# 13842
Post # of 17363 
I doubt it too..............
Quote:

The fact is that C is actually a $4.247 stock (due to a 1-10 Reverse Split) versus BAC's $12.09
The question that comes to mind: Is BAC really worth almost 3 times the price of C? I doubt it!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83160027


That's some interesting math there sir.... usually when we compare companies vis–a–vis we use market capitalization....
C 2.9 Billion shares outstanding X $42.47 gives us a market cap. of $124.5 Billion
BAC 10.8 Billion shares outstanding X $12.09 gives us a market cap. of $130.3 Billion

Wall Street and global investors value BAC at about $5.8 Billion "worth" more than C which is perhaps a more realistic value than the $373.5 billion (BAC value (market cap X 3)) "worth" that your suggesting (C when it was a $4.247 stock had 29 billion shares outstanding.... which just by coincidence was almost 3 times greater than BAC shares outstanding and why C was only $4 stock)
Remember when we undo the reverse split of 10 for 1 we have to return C to it's original share structure to get the correct value.... wink

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