Tuesday, December 20, 2011

Jefferies Tangible Book Value

Jefferies is up 23% today, currently at $14.55 per share.  After hitting a low of $9.67 in late November, the stock has had a 50% run in a little over a month.  Following today's rally the stock is now trading above 1x tangible book value--how quickly fortunes can change.

As a reminder, BAC is trading at ~.35x tangible book value.

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