Re: Good time to buy BSC?
[ QUOTE ]
It was an established and strong financial.
And where are you getting that book value from? Does it include the impact of their cratered hedge funds? Does it reflect the true marked-to-market value of any garbage paper they may be holding?
[/ QUOTE ]
Yes and yes. They are a broker-dealer who seldom engage in directional bets, so unless you're implying that there may be fraudulent marks, it's likely to reflect their true position. Note that there is no real market-wide liquidity crunch at the moment (price decline =/= liquidity issues).
|