Once again. Nonsense. 750m in total assets. 110m in tangible book value. 35m in secured construction real estate loans. What crash and burn? They can write off all of these loans and would still have more net equity than current market cap. Seriously. Enough of this exaggerated "trump" like bs. Yes snf should pay a cash dividend but to claim that this company would be killed by 35m in loans is simply crazy. Cheers
what a load of #$%$... 50-70% LTV loans going bad at a pace worse than the Great Recession of say 40-50% default rate would only add up to $5-10M pretax hit which ads up to less than 50% of last 12 months pretax income... what are you smoking?