As a financial company, this stock should trade closer to 1.0 price to book value.I think the question mark in the minds of most investors are the two lines on the balance sheet labeled "derivatives."
Keep in mind, an asset that derives it's value from the value of another asset is considered a derivative. That doesn't always mean it's a call or put option.I think we will need to see two quarters of profitability before the people on the sidelines jump back in. This could be the quarter. Look at FRE and AIG.