What Is the Point of Price to Book?

If the same management stays in place and you're not doing great things, you won't get great results. You would think that one bank would want to buy another bank if it was trading below what it would take to ever possibly get those deposits out in the market. But here, if you believed that you could enforce the kind of discipline on an organization, then an operator would think they could run something like this better. And that's all i'm really saying when I say pick something with low aho that's cheap versus gross profits.