This article discusses some of the cheap stocks that are trading at low price to book values due to the European crisis.  While I agree that the European banks look interesting, I find U.S. banks to be the better buy because they trade at similar valuations despite higher capital ratios, and less exposure to European...Read More

These notes are great and I thought both Prem Watsa and Francis Chou’s comments on RIMM were extremely interesting.  Also if the U.S. banks weren’t so cheap Bank or Ireland would be among the first European banks that I’d be taking a look at. http://www.gurufocus.com/news/178463/the-latest-comment-on-rimm-by-prem-watsa INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT...Read More

This is a big positive as European banks need to raise capital when attractive opportunities exist.  Deutsche Bank AG (DB) has tremendous earnings power but is one of the most heavily levered institutions so raising capital is the right thing to do.  Europe did the right thing with the LTRO in ensuring ample liquidity in...Read More