I read the transcript to the Q2 CC and am I very happy.
Management said that with the current amount of liquidity available for investment as well as the current business model, the company can generate 14 cents/quarter of operating income. This tells me that there is a good chance that the dividend will be raised soon.
In addition, there is a reasonable chance to source another $300 million of liquidity in the near-term. This could result in another 8 cents/quarter of operating income and another dividend increase.
Operationally, I liked the fact that the company source four loans with new customers. I also like the sharp decrease in operating expenses. I wished that fee income was higher but maybe that will come in the future.
I think that it is reasonable to expect we hit $6.00 by December 31, 2013, particularly if the dividend is increased.