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Vestin Realty Mortgage II, Inc. Message Board

  • fabulouspoodle fabulouspoodle Apr 2, 2014 12:12 PM Flag

    This thing has $13.22 per share in tangible assets...

    ....not too shabby for a stock trading at $5.50. Trades at 41.66% of its net assets. And since the hotel writedown is included in that number, doesnt look like they have too much left in the way of any big writedowns. Stock is too cheap here.

    Of course if this thang goes down to that $4.60 level (which would be $1.15 pre reverese split)....buy more.

 
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