With re to Serenity latest analysis of (BEN) which results as UNGRADED.
Following the Value Investing principles adopted by Serenity, when it comes to analyse BANKS and INVESTMENTS company we should ignore asset ratios such as current assets/current liab and net asset/lt debt and in substitution we should consider equity/debt.
Following the above reasoning and policy (BEN) should result as a DEFENSIVE and not UNGRADED.
What am I missing?
BANKS and INVESTMENTS COMPANY evaluation