Shhh..... nobody seems to notice.
Sentiment: Strong Buy
Looking forward to 2015!
Christmas came early!
minus $4 share in cash
= $14 share excluding the net cash
EPS between $2.5- $3.2 in 2014.
Forget the dividend...Use the reserve and your $900M to buy back more shares!
It is a steal at a 5 PE.
looks like Fintech bought around market prices at the time. $20 or so.
Buying more today. Major discount to industry peers.
Net Cash Per Share: $4.6
No longer own GLRE.