I noticed that Yahoo has listed a BV of about 11 bucks, reduced from 14 the last time I looked. Not sure how accurate their reporting is. ??? In any event, it looks like JRCC is staying at about half book. Before, it was waffling in the high 6 low 7 when the BV was around 14. Looks like the P/B is staying about constant.
Hi Frey.. S&P listed tangible BV at 10.67 after the March 1 release of '11 full year annual report.. You are right about the 1/2 BV being basement area... I have used that entry point to trade,,, Just dipped my toes in water today (2k shares).. Will probably retest 5.01.. Other trend I noticed is late week rallies.. Shorts like to cover each Friday it appears..