Sunday, November 12, 2023 1:18:03 PM
Mr. Market disagrees with you. The JPS are trading around 8% of PAR and the Commons are trading 700% higher than GB's target price for the GSE equity.
I already told you the reason. JPS trade low because no one knows when recap/release will take place. Commons are trading in fantasy land anyway.
"Mr. Market" can be a complete idiot at times. Hedge funds thrive on this fact.
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