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Book value is decaying
is there any chance you can read a financial statement or find the conference call?
because your statements indicate that you are, at the least, not getting facts from real sources into your head
When spreads open up, it increases profitability from spread income and necessarily reduces the book value. The market favors this situation with a premium to book, and gives us a discount to book when spreads contract and book value increases.
This is what we want to happen.
....so is your veracity and judgement....get a job
Sentiment: Strong Buy