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What is book value? Are companies trading at P/BV < 1 value plays?

What is book value? Are companies trading at P/BV < 1 value plays? 150 150 Ernest Lim's Investing Blog

From time to time, I would be invited by Nextinsight, financial website http://www.nextinsight.net/index.php/story-archive-mainmenu-60/903-2010-/3253-just-ask- to answer queries from their readers. Here is the latest answer by me to a reader asking…

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