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ARMOUR Residential REIT, Inc. Message Board

  • dar200 dar200 Feb 22, 2013 4:18 PM Flag

    Book value = 7.29

    Just issuing 65 million to the underwriters at 6.75 will take book down a few cents, but price is WAY too low relative to gaap book.

    "•Book Value (shareholders' equity) as of December 31, 2012 was $2.3 billion or $7.29 per diluted Common share outstanding. The Company previously reported on February 13, 2013, that it estimated its then-current Book Value to be between $6.70 and $6.76 per diluted Common share. "

    Also, a pretty poor estimate just 9 days ago. However, the difference is in longs favor.

22.46+0.10(+0.45%)Oct 21 4:02 PMEDT