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h_man_investor

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h_man_investor

Re: insomniac post# 1610

Tuesday, 08/24/2010 7:00:34 PM

Tuesday, August 24, 2010 7:00:34 PM

Post# of 1731
Didnt have time to put the numbers together but certainly wouldnt have guessed so high!

Good news is that operation earned +5mm in income for the quarter. However, that would increase the shareholder equity significantly enough.

Unrealized gains will not be able to stay at this pace. However, there should be some gains as RMBS is refianced, etc. 50% of the PPIP money still needs to be deployed.

Realistically (not theoretically) the book value is at -$104mm considering the liquidation preference.
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