that just can't be right. If your not going to list correct numbers, then why list them?
It is correct. Just look at the Bal Sheet.Lots of debt used for share buybacks.
The .07 book value per share is arrived at by dividing the number of shares outstanding(61.2 million says Ameritrade)into the $ 4 million equity. However, the $ 873 million paid to buy back shares should not be ignored.