Oct. 30 at 1:51 PM
$RITM I am surprised this is still trading at this big of discount to book, when we know now we will not be getting diluted to buy Crestline or
$PGRE . When those close the first half of December, after closings we will still have
$1.3B in cash. Trading at
$11 and really worth
$16. We just bought PGRE buildings in NYC and S.F. for 20 cents on the dollar. We may not see it today, or even this year.......but next year this WILL be a
$15-16 a share stock. We will go back to pre-covid price eventually!