NAV $10.05 --> insane market"The board of directors believes that the corporation's common shares are currently trading in a price range which does not adequately reflect their value in relation to the corporation's future business prospects or in relation to the corporation's net book value per share (diluted in-the-money basis) which was approximately $10.05 on March 28, 2008."
EDV announces a $10.05 NAV per share, and it sells off.... sure.
Because it should trade at a 30%+ discount to NAV...
Why the f*ck not....
This market is putrid.