Book value back up due to investments coming back. Revenues up and earnings back in the positive. Dividend declared (no surprise). Assuming things continue to normalize in the financial markets, I see no reason the stock shouldn't be back to the $45 - $50 range in the next year. Counting dividends would almost be a double.
Unfortunately, it likely won't move fast due to lack of coverage, but I'm confident it will get there,
So much for the specialist helping. Damn near every day they bid it up and then the bid drops a ton with no trades or maybe just 100 shares trade and drop the price 50 cents. What a sham!!!!!!!!!!!!!!!!! I fail to see any institutional interest at all.
Looks cheap indeed. Somebody keeps buying the stock. Perhaps a new fund or private manager adding to positions. Price to book and tangible book are quite reasonable. Agree with your idea as it's one of the few that are not overpriced and porbably good for the long haul..Should be well over 30 but the market is a mess with valuations