< Return to Bulls pageLikely to be the last big investment bank standing AND it has recently gotten very cheap! +INDIA
With Bear Stearns, Lehman Brothers, Merrill Lynch, and Morgan Stanley all disappearing from the picture(from either failing or frantically selling to avoid potentially worse outcomes) Goldman Sachs has the very rare opportunity to seriously profit from its peers failures. The firm has taken a hit to its profits, but in seemingly miraculously fashion it hasn't posted a loss during the entire credit crisis. They will be looking to gain market share as the failures' former clients go elsewhere for business and while those peers that were purchased go through the long merger process to integrate the two businesses.
Investors looking to jump in now are eying a PEG ratio of less than 0.5! They've traded at low p/e's in the past, but the current p/s ratio of only 0.63 is a better indicator of the value investors will be getting. PLUS (its a BIG plus), they're launching an asset-management and mutual fund business in India, which will provide both solid growth for years to come as the Indian middle class continues to grow and also a nice hedge to its operations here in the states.
