RE: RE: RE: RE: RE: Oxymoronic and telling... Bsbud I see where you are mixed up. You are mixing up balance sheet items and income statement items.
$78 million ($1.25 a share is immediately added to the book value which you will find on the balance sheet).
Now moving to the income statement. The reduced debt will reduce interest payments, thus improve eps. Improved earnings will improve the balance sheet going forward on top of the immediate $1.25 per share increase in book value. ie) As retained earnings grow so does the book value.