Do your own comparison in regards to who is/was correct about the instrinsic value of WAC:
Spinoffdude post from 7-May-10 04:30 pm: “1.50 taxable earnings divided by 9% + 2.75/sh cash = $19.40. +/- $1/sh = 18.50 to 20.50 range.” ------------ Haveseenitall posts: ---25-May-10 05:59 am: “As I repeatedly warned , this one should have never never traded above 15. …..price target remains 12.50-13.00” ---24-May-10 06:58 pm: All aboard............mortgage service company in the deeeep south . Looking at 14 in a hurry.”
========= Haveseenitall is, without a doubt, the most ignorant and unsuccessful investor I have ever encountered in my 35 years of investing. His record amply demonstrates this. His advice and conclusions are void of any factual foundation and are merely the emotional, nonsensical and illogical rantings of a lunatic. I consider his posts as utterly worthless garbage, not deserving of either your or mine time to read. He is "on ignore". I advise you to do the same as there will undoubtedly be a flurry of more lunatic rantings from our resident nut-nut after this post.