John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

SWS Group Trades At 0.57x Tangible Book Value And Could Attract Another Takeover Offer

SWS Group (NYSE:SWS) trades at a significant discount to tangible book value, which implies little to no value for the recovering retail brokerage, banking or clearing businesses. The time is right for another takeover offer by Sterne Agee.

Company overview

SWS is the largest full-service broker...

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