They made .37. Adjusted for the extra shares it comes to .22 but the extra shares gave them more capital to make more money. ARR is profitable so in the long term there should not be any dilution. I do think ARR will recover because we are 8% below Book. As long as Washington doesnt spook the markets we will do ok. After market is at 6.65-- this will be interesting to watch because perception is what pushes prices - not always the facts.
Thank you, Thank you. You have redeemed this board ... at least somebody gets it.
Book on 31 Dec $7.29
Book at time of offering $6.70
Currently trading at .99x Price-to-Book
NLY currently trading at .94x
AGNC currently trading at 1.00x
HTS currently trading at .95x
IVR currently trading at .97x
TWO currently trading at 1.08x
So, you are a bit expensive ... but, not outrageous or anything ... ironically the premium is likely for the monthly dividend which I actually think is hurting the ARR's book value growth opportunity
I have not been able to find the 6,76 value, how did you calculate it? Is this a figure based on the extra shares? Once they buy securities those extra shares let them purchase then there will be a new book value based on the new securities values. If they do not buy shares perhaps the book value would drop to the 6.70s. Does this make sence?