GREY:SCPZF - Post by User
Post by
naeden99on Sep 11, 2013 9:40pm
280 Views
Post# 21734273
re: never thought i'd see a huge discount again
re: never thought i'd see a huge discount againYes, it is exceptionally cheap here.
LRE has rebounded from $3.76 at the end of the last quarter to over $5.00 now - that is worth $0.50/sh to SCP - but the share price of SCP is down from $3.51.
Just as last quarter's drop in book value was easy to predict in advance, this quarter's increase is predictable, but we may have to wait until financials are released for the market to recognize it.