where do you come up with these figures. value is around $15. they are very well positioned to make a profit. why do people panic every time there is a dip. they sell for a loss. then the price goes back up. buy low while you have the chance
Book value today is somewhere between $12 and $13 per share. It was $15 at the end of last quarter. Their $108B leverage bond portfolio is down 4% this quarter ($4+ per share) but they are partially hedged so figure they are down around $3 per share in book value.