May. 7 at 5:31 PM
$ABR well, tomorrow is our day.
Last check shows 45mm shares short.
The company has been buying back shares with a stated intention to continue to buy back shares as long as the shares are trading at a discount to book.
Hopefully, they have made decent progress on cleaning up the most troubled loans and are able to show EAD at or above .30/share.
Best case, book went up, earnings beat and they give constructive guidance.
Then it’s off to the races with 10 being a nice first stop.
Good luck all fellow longs.
Can’t wait to get my dividend at month end👍.