I understand the concern about Nevis but it you read their press release on 4th quarter results, they are fully reserved (too bad - it is a very nice property). Now they are trading for less than book value, even after the Nevis reserve.
WSJ reports this morning that the foreclosure sale of the 4S Nevis last week was stopped because Capstead file a petition of involuntary bankruptcy against the company. So looks like they are trying to recover some of that money. Anybody know anything about it?