It is all in the cashflowThe $114 million cashflow is the number to pay attention to. The mark to market unusual losses are a distraction, a distortion of the picture of this company.
They had a nice big pile of cash to show for the quarter. There is every reason to believe that a nice big pile of cash awaits them at the end of subsequent quarters, aside from whatever they redeploy to make for even bigger piles of cash further down the road.
I was a buyer today.