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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (71369)10/22/2022 5:10:32 AM
From: Madharry  Read Replies (1) | Respond to of 78751
 
ally . someone on seeking alpha astutely pointed out that most of the reduction in Book Value is because they lost their shirt on $45 billion of mortgage backed securities held for investment. that could well be the reason the cfo is gone. the good news is that their core business is healthy and generating cash. hopefully the new cfo will avoid making any investment that could have such negative impact on book value. I am not happy that no mention of this was made at the conference call. Seems quite relevant to me.



To: Spekulatius who wrote (71369)10/24/2022 6:14:12 PM
From: Madharry  Respond to of 78751
 
ally . someone on seeking alpha astutely pointed out that most of the reduction in Book Value is because they lost their shirt on $45 billion of mortgage backed securities held for investment. that could well be the reason the cfo is gone. the good news is that their core business is healthy and generating cash. hopefully the new cfo will avoid making any investment that could have such negative impact on book value.


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