Fundamentally I believe Abr is sound and getting better. However the perfect storm hit the stock price. To start it off, Abr sold 11-12 million new shares into the market over the last 6 months (that's not counting the preferred). Next we had a general selloff in reits over the last few weeks in fears of higher interest rates. Lastly, abr chose not to increase the dividend (breaking the run of 4 consecutive increases) because of a natural lag in getting the new raised funds back into new loans. I expect the situation to reverse itself over time. I will be surprised if the divi is not increased in Aug and then again by the 4th quarter. As the divi continues its upward climb the pps will follow, IMO.