FYI: I’m plowing through this really interesting report from Deutsche Bank on why European stocks are always cheaper than US stocks (on price/book value) and coming across all sorts of great insights. (Shout to Steve G for sending)
Right now, despite the rally in foreign stocks this year, US companies currently sell at an obscenely high 70% premium to their Euro counterparts. That’s a 20-year high. Here’s DB’s John Tierney, Sebastian Raedler and Andreas Bruckner on the phenomenon:
Regards,
Ted
http://thereformedbroker.com/2017/10/05/why-are-european-stocks-chronically-cheaper-than-us-stocks/
