In edit, and back in CCMP here just under $46, the buck discount taken.
You are right, but it still does it in steps, the real book value is still $21 and they are not going out of busimess IMTO. Not a WCOM or for that matter GBLX (we discussed tha one at length last year). And the step back led to $6.35 where I sold for another $.15. Next step down could be under $6.