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S&P 500
5,475.31
(
0.04%
)
US TECH 100
19,356.80
(
-0.24%
)
Dow Jones
38,755.74
(
-0.06%
)
Brent Oil
84.52
(
0.74%
)
Bitcoin
64,714.73
(
-2.67%
)
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CCruzNY

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CCruzNY

Re: DISCHINO post# 22452

Friday, 04/25/2014 1:05:49 PM

Friday, April 25, 2014 1:05:49 PM

Post# of 105600
Yes.... "IF" and this is a big "IF" the average company traded at book value, our entire economy would collapse over night, because I'm pretty sure a large percentage of stocks trade way above book value. At the end of the day, this stock is going to trade for as much as a person is willing to pay for it. Do the same math equation on any major traded stock and you will be surprised at the numbers you pull up.
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