Including a transaction fee of $1 per share, the total investment is $10,000. The market recovery price is set to $53.00 per share and it is anticipated this will be achieved within 18 months. For clarification, this purchase is ex-dividend which exists for holders of record on January 11, 2021. Technically, the Fund is holder of record on January 12, 2021.\u00a0<\/span>Act on Knowledge.<\/strong><\/span><\/p>\n![\"Wells](\"https:\/\/businessecon.org\/wp-content\/uploads\/Wells-Fargo.jpg\")
With a tangible book value of approximately $33 per share and a current market price of $33.24 per share, the Banking Pool<\/span><\/strong><\/a> diversified its portfolio and purchased 292.056 shares of Wells Fargo Bank<\/span><\/strong><\/a> this morning. The company is due to report its fourth quarter results later this week.\u00a0<\/span><\/p>\nValue Investing Episode 1 – Introduction and Membership Program<\/span><\/strong><\/span><\/h3>\n