Page 37 - Barclays Bank (B) Teaching Note

Tiger Global, which bought $1 billion of Barclays stock in
November, may see the bank as a bargain - whether

Staley and his team can fix the investment bank or not.
With the shares/stock trading at about two-thirds of the

book value of the company’s assets, they’re betting its

valuation can improve.

Barclays generate a lot of cash, and at some stage their

legacy legal issues will be sorted out.

“If Staley can grow market share in the investment

bank, that’s a bonus on top, but we’re not counting

on it.”