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MagicDiligence (< 20)

The Problem with Banks

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September 16, 2008 – Comments (0) | RELATED TICKERS: LEH , MER , AIG

Magic Formula investors have luckily been spared from the calamity in financial stocks over the past year. But even in the best of times, banking is a risky industry that is difficult to properly value, and should be avoided by most individual investors.

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