Jun. 3 at 2:22 AM
$ABR Over 10 consecutive quarters management repeated "clear path to resolution over the next several quarters" language every quarter, while NPA balances grew 168% from
$400M to over
$1 billion,
quarterly distributable EPS fell from
$0.54 to
$0.18 ex-losses, the dividend was cut twice from
$0.43 to
$0.17, and the stock declined from approximately
$14 to
$5.40
+ missing their own latest Q1 guidance by 77%.
Total executive compensation collected over the same period: approximately
$73.7M.
Truly impressive stuff, mistep after mistep after mistep.
