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$4.91 -0.15 (-2.96%)
11/21/2008 3:59 PM

Cowen Group, Inc. (COWN)

CAPS Rating:
*

The company provides research, sales and trading, and investment banking services to companies and institutional investor clients primarily in the healthcare, technology, media and telecommunications, alternative energy, and consumer sectors.

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Avatar NeroSagetrade (80.42) Submitted: 1/04/08 9:15 PM : Outperform Start Price: $9.02 COWN Score: 0.96

This might be seemingly the most no-brainer call I have EVER made. Cowen Group currently has $13.39 in cash per share with literally 11 cents per share in debt. Take that out and the stock has $13.28 in cash per share and is trading at $9.02! They announced a 2 million share buy back in November which should buoy the share price. COWN did announce an increased compensation ratio which will result in a 5-6M dollar quarterly loss, but EPS estimates are still for .25-.65 cents per share in EPS next year. That values the company at basically 15-20 times next years earnings and just 75% of its instrinsic cash value. This is a frickin no brainer!!!! Buy buy buy!





Nero


Sagetrade

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