FBRT looks compelling to me. As of September 30 book value of $17.78 per diluted share reflecting merger consideration and transaction expenses. Their merger presentation says they are targeting a dividend of 10% of book value. They now pay a 35.5 cent quarterly. Current price per share of 13.25. That is a 25% discount to book if book remains near the same. And the company said they would buy back $100 million in shares if PPS was less less than book. The earnings report on the 23rd could be interesting.
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