I am listening to the call now. By no means I completely understand the accounting language. So, I warn that my opinion on this matter has very little value. My top readings are:
Puerto Rico is seen as "still materially significant", Mike Corbally
Liquidity mismatch--> steady decline, top priority
Relisting? they will consider, no definitive plan yet
Greenpoint case? aggressively pursuing
Leverage target? managing as appropriate?
Lots of strategy talk....
86.5 mil shares for 5% ownership
As a side note, I paid attention to the psychology of the call. Sometimes, it is not what they say but rather how they say it, how comfortable they were explaining difficult subjects. They sounded quite confident and comfortable. Take it for what it is worth.
