Goldman Sachs reported its first quarterly loss of $4.97 per share today. The loss was actually not as bad as the $5 loss that some analysts expected. The stock is down almost 70% for the year and is currently trading at $70. Goldman’s earnings per share for the year was $4.47 per share vs. $24.73 EPS last year. This means the stock is trading at a 15 multiple. If the company can grow its earnings to even one half of prior years earnings; then the stock could be a bargain. The difficult part is predicting earnings in the future as the company is converting to a bank holding company.
Make Money Investing The Warren Buffett Way
