Timbercreek Financial Corp T.TF

Atrium is trading at book value

[MyHoneyPot]

Atrium is trading at book value and their loans are more risky in nature as most of TF loans are revenue producing properties. 

So with a NAV of $8.45 TF should be trading north of that value at the very least. 

Someone is lending you money at a discount to the fact value, and TF had a year over year increase in NAV + a special dividend to boot. 

TF should be trading at a minium of $8.60 if you think management adds any value. 

IMHO