They just issued 65 million new shares which were immediately dumped at a small profit by the buyers. This naturally brings the price down. As long as the new shares were sold above book value this new issue is accumulative, not dilutive, and should have no long term effect on the stock price, which is determined in large part by book value, by the dividend, and by whatever tea leaves you choose to read to determine the future action of the Fed. Therefore this would be an opportunit to buy.
they stated that 6.70 - 6.76 was their bv in their financial - looks like the bboys drove it down to get their prefered b - hang in their - I bought another 5k at 6.70 today and I am not going anywhere