Been a follower of the blog (and podcast) since day 1.
This was one of the all time best in terms of information quality. Thank you. I independently went through the French docs and can attest to Ross representations about understated ROE. Will try
Great article, and thanks a lot for the text transcription. The main problem with these banks is the buyback at the book value may never happen... I think I saw this thesis since 7 years and people still waiting for it.
And you own a French bank which is not the easiest business to understand (bank + fr regulation + EU regulation )
Hello Andrew
Been a follower of the blog (and podcast) since day 1.
This was one of the all time best in terms of information quality. Thank you. I independently went through the French docs and can attest to Ross representations about understated ROE. Will try
Great article, and thanks a lot for the text transcription. The main problem with these banks is the buyback at the book value may never happen... I think I saw this thesis since 7 years and people still waiting for it.
And you own a French bank which is not the easiest business to understand (bank + fr regulation + EU regulation )
Fascinating article. Can you please post the relevant tickers?