Thanks, By the way, at this point this stock should by all means be a 25-30 dollar a share stock. Any ideas why it is still so cheap it is paying over 22% dividend? Seems like some large 100,000 share transaction investors would have snatched this one up by now, in large part.
There are no doubt lots of reasons why this stock is so cheap. Maybe the lack of a track record is a factor. But I agree with you that this should be a $25-30 stock and I think it will be before too long.
Any stock that relies upon leverage from the short term financing market is going to have share price problems now. It is a darned nutty market for short term lending - especially for leveraging financial assets. Take a look at the CAT financing of the last few days. Not many stronger industrial companies out there. 3.5% over LIBOR.