Deutsche Bank – a case-study for "When in doubt, don't invest" - Undervalued Shares

Back in October, I wrote a snarky paragraph about Deutsche Bank potentially becoming the Eurozone's next Lehman Brothers. This wasn't a particularly original foresight, given how widely known the problems of Deutschland's no. 1 bank were at the time. Equally, it wasn't an entirely stupid thing to point, considering that many a tipster recommended buying into the seemingly undervalued share (arguing that at 0.2 times its book value, Deutsche Bank shares had become ridiculously cheap and were quite simply oversold). Since then, the share has fallen another 30%. It is now trading at EUR 6.60 (25. Juli: 7.00), down from EUR 9.35.

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