Monday, December 08, 2008

Negative Enterprise Value

Would you believe this:

Companies with a market capitalization greater than $1 billion that hold more cash than the value of their stock and debt, according to data compiled by Bloomberg:  
  • Banco do Estado do Rio Grande do Sul SA 
  • Banco Popolare SC 
  • Bank of East Asia Ltd. 
  • Bank Leumi Le-Israel Ltd. 
  • Bank of N.T Butterfield & Son Ltd. 
  • Bank of New York Mellon Corp. 
  • Bank of Beijing Co. 
  • Bank of China Ltd. 
  • Bank of Cyprus 
  • Bank Sarasin 
  • Banque Privee Edmond de Rothschild 
  • Banque Centrale Populaire 
  • BOC Hong Kong (Holdings) Ltd. 
  • Canara Bank Ltd. 
  • China Minsheng Banking Corp. 
  • Chiyoda Corp. 
  • Commercial International Bank 
  • Comverse Technology Inc.
  • Discover Financial Services Friends Provident Plc Great Eastern Holdings Ltd. 
  • Hachijuni Bank Ltd. 
  • Health Net Inc. 
  • Higo Bank Ltd. 
  • Hong Leong Bank Bhd. 
  • Hong Leong Financial Group Bhd. 
  • HSBC Bank Malta Plc 
  • Huaxia Bank Co. 
  • Hutchison Telecommunications International Ltd. 
  • Industrial and Commercial Bank of China (Asia) Ltd. 
  • Intercontinental Bank Plc Komercni Banka AS Legal & General Group Plc 
  • National Bank of Belgium Northern Trust Corp. 
  • OAO OGK-4 Oceanic Bank International Plc 
  • Porto Seguro SA Sapporo Hokuyo Holdings Inc. 
  • Schroders Plc 
  • Shanghai Pudong Development Bank Co. 
  • Shenzhen Development Bank Co. 
  • Swiss Life Holding Union Bank of Nigeria United Bank for Africa Plc Wing Hang Bank Ltd. 
  • Yamagata Bank Ltd. 
  • Yamanashi Chuo Bank Ltd. 
  • Zenith Bank

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