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Pick Up Undervalued Financials - Barron's Interview

Agreed. When the main thesis is "the government won't let these companies go bust," we are still going down because supporters are simply saying "these companies are not allowed to go to die and go to zero." But there's a lot of numbers in between today's prices and zero ... why take a guess when the turnaround will provide enough trading gains for everyone patient enough to wait?

For more rebuttal of Pzena's pass-the-bag puff piece in Barron's and related issues, please check out my latest article:

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