Does anyone know how much of the $16-17 "book value" is good will? If the write downs continue-it could erode quickly. Investors are still selling @ 11 and change - wonder where the bottom is. Between tax loss selling and margin calls-this could get really ugly.
That would be good news for those who have been long for awhile. I think you'll need a strong catalyst like decent quarterly earnings in November or at least a better outlook for 2014 to get more out of this run.