Friday, October 31, 2008

Goldman Sach

I bought a small number of Goldman Sach equity today at US$87.76. Reasons of purchase:-

(i) Book value of about US$107. So I am buying at US$20 below book value.
(ii) Warren Buffett stock
(iii) Last of the few US investment banks around
(iv) PE value of 5.3

Dividend is miserable at 1.4%. Data is accurate as of today.
Caveat Emptor

No comments: