1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
TraderMark
TraderMark
Articles 

Apple (AAPL) Worth More than Top 32 European Banks - Combined

August 20, 2011 | About:

We could replace Apple (NASDAQ:AAPL) with Exxon (NYSE:XOM) but you get the picture - you can combine the top 32 European banks and they would not be worth as much as either of the 2 companies above. But they sure cause a lot more trouble.

  • Earlier on Friday the DJ STOXX euro zone banks index fell 4 percent, valuing its 32 members at $340 billion. That's based on the market capitalization of their free-float shares, which for some French banks in particular is less than 100 percent.
  • The index has crashed by a third since the start of July, hammered by fears banks will lose billions from their holdings of euro zone government bonds and a failure of policymakers to stop a euro zone debt crisis from spreading. The euro zone banks have lost three-quarters of their value since peaking in May 2007.


Now if we ever reach a point that Crocs (NASDAQ:CROX) is worth more than the top 32 European banks, we know we are in serious trouble. ;)

No positions

About the author:

TraderMark
Charlie Tian, Ph.D. - Founder of GuruFocus. You can now pre-order his book Invest Like a Guru on Amazon.

Rating: 3.0/5 (3 votes)

Comments

Please leave your comment:


GuruFocus has detected 8 Warning Signs with Apple Inc $AAPL.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


bennywangSelect
james scarrJames
worldmetalsHow to Find Good Dividend Stoc
Roger9860ubnt peers
Bogdan BednarskiShares Buyback W1 2007
Bogdan BednarskiShares Buyback W1 2006
jgmarisafricaAfrica
pbarker46Low short, low E10
quentin.picard10Y Rev Growth/ High ROE
sale1wine
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK