I don't understand how you get that number? The rates haven't changed that much... Meaning the spread hasn't changed. As far as I can see the book value $15 right now. Love to understand.
Thanks for the knowledge. Bottom line, speculation trumps all. I think i'm gonna start buying in here soon. Step in slowly. how the shorts don't bite too hard.
Sentiment: Strong Buy
Could this be the reason for the sell off. Or... Aren't they shutting down plant to rebuild them?
Pulled this off of yahoo... "Book Value (stockholders' equity) as of June 30, 2013 was $204.1 million or $15.12 per Common share outstanding." Is it really trading 30% below book? Or has it lost 30% of book since June 30th?
does it really go under or just lose value? management doesn't seem the bit concerned... at some point this has to be a value right?
i'm thinking about getting into JMI. I'm reaing $8.50 -$9.15 entry point. I now thier book value is supposedly going to decrease, but has the FED made it official?