Aug. 7 at 12:07 PM
$RUBI Foreign stocks trading at pennies on the dollar of their book values (assets minus liabilities). RUBI is worth over 20 PPS but is trading at 3 PPS (15 cents).
As a foreign company, RUBI only reports earnings once per year, but it is also very profitable based on Suezmax tanker rates.
Countries with shit loads of debt like Japan, US, and UK should have companies that trade at discounts.
So right now the world of finance is upside down, but Europe and BRIC countries might decide they do not want to be colonial pawns or vassal states to debt laden empires.