Deutsche Bank AG: A Rare Investment Opportunity !
George Soros once said: "The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.". Deutsche Bank is Europe's largest bank and Germany's only global systemically- important or "too-big-to-fail" bank. After losing about 90% of its all-time high market cap (at $147 a share in 2007), Deutsche Bank (NYSE: DB) is now looking quite attractive from a long-term value investment perspective here at around $15 a share. There is a very good chance that the stock has already bottomed out on extreme pessimism and negative news a few weeks ago at around $11 a share. Needless to say, everyone should take note as billions of dollars in fresh investments from sovereign wealth funds and other big institutional investors flow into the stock at these cheap levels. Keep in mind that the stock is now trading at just 28% of its book value ! This is a rare opportunity to buy one of the world's top banks at about 90% discount. We are loading up on Deutsche Bank shares here since these fire sale prices won't last for long!
Owner, SAYINVEST Overseas Ltd - SAYOIL CONSULTANCY OVERSEAS Co. WLL - Kingdom of Bahrain & SAYOIL Overseas (HK)Ltd.
8 年A lot more needs to be done on Financial circles.
Professional Consultant (Focus on Alternative Energy Solutions)
8 年Thanks for your comments, Mohamed. It will be interesting to see if President-Elect Trump's campaign proposal to significantly reduce corporate tax rates and reduce financial regulations will come to fruition. This could provide an impetus for many major banks to be more competitive and to increase their valuations.