I'm looking at the banks specifically. WFC is at 1.01 and JPM is at 1.436. I'm not a huge fundamentals guy so maybe someone can help me understand how a business that generates positive cash flow can be worth less in stock value than it's assets? Especially banks. Most of their assets are cash or assets that are easy to liquidate.
Although I think JPM is the better play, WFC is tempting to take a sizable position. I'll definitely wait till we see some stability in the overall market though. Rather be late than wrong. Not trying to bottom tick.
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