HBOS - what a performance. Today, google's finance website claimed that HBOS now has a price-to-earnings ratio of 3.24. Imagine that, for every three pounds worth of shares, investors get back one pound in dividends. So why aren't people buying?
Answers please, but no rumours. The FSA have forbidden them. So don't tell me that your gran in Bridlington has seen a queue outside HBOS.
Why is HBOS doing so badly?