The kick is out of the booze. Financials won't ever sell above 10 times earnings even with the market at a mid-teens valuation. I'd settle for an eight multiplier. Too much went down and still they're unmanageable.
Martin Sosnoff, Forbes
Wed, 06/27/2012 - 2:16pm
The kick is out of the booze. Financials won't ever sell above 10 times earnings even with the market at a mid-teens valuation. I'd settle for an eight multiplier. Too much went down and still they're unmanageable.