Goldman Sachs Closes Below $135

For the first time since last July, Goldman Sachs ($GS) closed below $135 per share — $134.99 to be exact.

I don’t think Goldman’s problems are over. The stock is now going for just 5.5 times 2007’s earnings. Goldman is trading at nearly exactly its book value of $133.94 per share.

In 2009, Goldman earned $22.13 per share and that dropped to $13.18 per share last year. Their earnings will be probably be around $14 or $15 per share for this year.

Posted by on May 20th, 2011 at 6:04 pm


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