Weren't the Dutch auction and the $200mm buyback separate events? If so, the $200mm was announced to take place over the next 12 months, depending on price and market conditions. Whereas the auction was a one shot event.
Since you both follow NRZ closely, when the price tanked, it got down to the low $9's twice before it reversed. Maybe that was the floor mgt. set before putting money to work. Your thoughts?
What is NCT doing to increase rounds? Are either of you familiar with ClubCorp (MYCC)? I like the program they have and am strongly thinking of joining.
How many of these boomers have second homes? I for one would not want to tie myself to one club with dues, monthly minimums and the rest of what goes with joining a country club if I'm going to float between Pennsylvania and Florida, South Carolina, Scottsdale, or whatever.
I am a soon to be retired boomer who is going to spend more time trying to lower my handicap and fly fishing. I'm also very long NCT and the spinoffs. GLTA.