Monday, December 18, 2017 7:53:42 PM
You've been saying the same thing for quite some time.
Two things to point out.
1st. the P/E ratio you quote is oversized for a financial services company that will be plain vanilla.
2nd. the earnings of $11Bil in earnings is in today's pre-tax cut world. If the corporate tax proposed goes into effect the post tax income will not be $11B but closer to 14B.
So, 14B/1.16B shares = $12.06 x a pe of around 12 = about $144.
Sure, i'd love a pe of 17, but its not sustainable. JMHO.
I do concur the warrants are garbage. And that some economic settlement will be needed to resolve all of the claims.
What that will be is anyone's guess. But it will have to be significant enough to "warrant" the various taking law suits that will pour in otherwise.
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