Sep. 12 at 12:03 AM
$GEG Here's why I bought
$GEG
Record net income of
$15.7M vs
$0.6M loss last year
Book value per share up 24% YoY to
$2.65
Management & incentive fees surged 253% to
$3.8M
Increased authorization to
$25M total (up from
$20M)
Already repurchased 5.1M shares at avg
$1.85
$15.7M remaining capacity for future buybacks
~
$31M cash and marketable securities
Net margin of 79.01%
Debt-to-equity ratio of 0.76
I believe it will reach
$4!!!
