RE:RE:RE:MRC float has to be very smallSo this buyback that they did, they essentially spent around $1.93 NAV/share to gain around $5.63 NAV/share. Would put them solidly at a $400 NAV excluding other factors (more writedowns to come?). This would only increase FFO per share by about 1.9%.
Would be great if this could trend anything other than sideways or with quick ramp-ups with extreme drawn-out downtrends. Seems with the low dividend, low investor interest the path of least resistence is down.