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It's worth reflecting that in the summer of 1982, the market touched down at book value, yielded 6% and sold under 10 times perceived earning power.
"We're trading at book value".
Goldman, in contrast, is trading at book value.
Yet even JPMorgan is merely trading at book value.
For JPMorgan to trade at book value appears overly harsh.
The stock trades at book value.
"I'll buy 'em at book value, tomorrow".
I see it at book value.
Even at book value, most investors are steering clear.
The stock trades at book value and yields 3%.
The lower estimate reflects the book value of the plants, which takes into account their original cost and depreciation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com