macroguy

Capital Source: Analysis and Valuation

truth is... none of us can know what the portfolio looks like without insider access. your bet, should you choose to buy or hold on to what you have, is that management and the board (many of whom are large investors) have made, and are making, prudent investment decisions and capital allocations. if they are, and i suspect they are, the assets are worth par. if the assets repay per terms, and if they can continue to generate a mid teens roe, the stock will rise to about 1.5 to 1.75 times book value.... in 12 to 24 months. if they are hiding stuff and the assets can't meet terms....