what is everyone modelling for EPS? I know this year will be bad so lets say $1, but last year was closer to $2.80, so what eps are you thinking (and what share count are you using) and what growth rate (if any) to determine fair value of the stock. Obviously the book value is closer to $33 but since the the company cant use its assets efficently what do you think fair value is.
With $33/share in book value (excluding collateral shares) at a 10% return on equity that should be $3.30, for example.
Over time either assets need to shrink/be sold off or made more productive (or charging more to finance customers to make up for the poor returns)
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