Cowen Group, Inc. (NASDAQ:COWN)
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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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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!
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Base on information published by Gurufocus, George Soros recently purchase a large position in COWN.