Wells Fargo (WFC) had a book value of $13.58 and the market felt the stock was worth over $35 at the end of 2006.
Wells Fargo now has a book value of $21.35 and the market believes the stock is worth less than $24. Is the market right and Wells is really worth $24 or was it actually wrong in 2006 and now?
I am aggressively buying Wells Fargo at these prices.
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