We knew about the 9 cent div, but an estimated GAAP book value of $3.42! That's huge. Given their errors in the past, I'm sure their Big 4 accounting firm had to get comfortable with the number and sign off on it before it was released. Up over 2% in the after hours. That's nothing compared to the jump the shares will get once the smart money piles in. When the analyst upgrades come this baby should be in the $4-4.50 range. With a book value of $3.42 and the sizable div, a stock price of 1.25x book value isn't unreasonable, and may even be low, especially since a fair amount of the uncertainty is behind it. At 1.25x book that's a stock price of $4.28. Only a matter of time now folks.
Not unreasonable, but maybe a bit optimistic in the absence of a takeover. Almost two times book for a company that has a black eye and won't be able to file their 10K on time. I'm thinking more like $4.25 to $4.50. We'll approach $5 with good numbers from the 10K in May and maybe north of that when the dividend is reevaluated for the third quarter if, and only if, it's raised. I won't be heard to complain though if it does hit $6, just not holding my breath.