MMA Capital Mgmt Llc fka MMAC

[jwnoble3]

Salty, up&up

Did you see this SA pro write-up?
http://seekingalpha.com/article/2319265-municipal-mortgage-and-equity-still-trading-at-a-40-percent-discount-to-nav-65-percent-upside-remains

Very conservatively NAV of $3...I think conservatively $3.50-$4. The executives and CEO for MMAB brought them back from the depths of 2008-09. WIth all the cash and NOLs in this micro, I like the chances that they will execute well. Insider purchases of over 900,000 shares (last 6 months). Executives have stated twice over the last year that they are looking to re-list on an exchange. At that point, pps is multiple of earnings ($8-10 pps minimum).

It is no slam dunk and plenty of risks here, but I too am long a bit of MMAB. GLTA