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Primus (PRS): Is S&P Actually Smarter than the Market?

By JellyRollCapital on Mon, 2008-03-03 22:31
(via collegeanalysts.com)

Primus is a misunderstood company because of GAAP conventions, by which it looks horrible. Take the time to understand the business model, though, and you have a gem trading at under 0.5x book with a double-digit ROE.