Jul. 14 at 11:47 PM
$ABR Yep, go check the odds yourself.
First expected cut isnt priced in till June 2027 ABR will be under
$1 by then. War is back on, 10 year (which ABR needs under 4% per Paul Enios CFO) barely budged after todays print. Oil back up $$$, no rate relief for ABR borrowers more NPLs, less earnings, weaker dividend coverage, -> even weaker share price.
All because management made repeatedly ret@rded decisions and you're celebrating a
$4.99 share price.