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negative book value?
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@SemiGrowth Yes, the liabilities are greater than the assets, i.e. over-indebtedness
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@einfach_aktien_ is that equivalent to negative equity?
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@SemiGrowth Yes, at Booking this is probably due to the share buyback program and the debt
@SemiGrowth The negative P/B ratio can be a risk, but Booking is otherwise well positioned in my opinion