third q report big cost cutting helped get them back to positive free cash flow, over $5 mill this qtr.
considering interest expense doubled ytd from $46 mill to $91 million and net charge offs have increased from $9 mill to $47 million, chw still has generated $11 mill in free cash flow and $3 million in net income for nine mths of 2023
if this is the peak in both credit losses and interest rates, relief in 2024 shud mean get back to nice levels of profitability. and if biz stays profitable in such bad year and doesn't look like will burn book value in 2023, will trade back to at least book on recovery in 2024 imo