It’s a good article overall. I still think it’s a bit silly the author thinks their profits shrank because of interest expense and not the credit build for potential losses which grew a ton this year vs last year when it was mostly credit benefit for dropping risk.
Highlights the fact we are all on the same side which is how it should be.
Lot of value to be found for both sides. One has more upside the other has a capped upside and a specific dividend that should be coming soon with less risk.