Value Investors: Take a Second Bite of the RBS Cherry
The share price of Royal Bank of Scotland (LON:RBS) has dropped around 20% since it peaked in January, leaving its shares trading at around a 60% discount to tangible book value.
I think that this could be a potential buying opportunity for value investors, despite the risk of further asset write-downs, as I explained in an article for the Motley Fool a few days ago.
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