Nov. 4 at 2:46 AM
$ABR FWIW: ABR Common equity = Total stockholders equity − Preferred stock= (2,997,470 − 633,682) 000s = 2,363,788,000.
Book value/common sh = Common equity / Sh outstanding
= 2,363,788,000/195,710,635 =
$12.08 per share.....So we are trading at 0.8x book value. As Leon Cooperman stated on the call...excellent job at maintaining book...and buying shares at this level is accretive to the business. I can see mgmt and Leon stepping in to buy here...he likes things undervalued!