RE:RE:RE:Hows that 3 year valuation plan looking ms gavan?Northforce13 wrote: "I'm wondering if the market thinks more write offs are happening, which would bring down book value?"
Well they said they were committed to closing the gap between NAV and the share price. Notice that their NAV has been dropping readily every quarter, so maybe their plan is to keep writing down the NAV until it is equal the share price.
Well accounting rules are forcing them to be conservative and keep impairing their buildings for whatever reasons. But you are right, their NAV was $32-34 not too long ago, now it's at $30. Shave a few dollars off of $30 and you have a NBV that is relatively close to share price. They should be driving book value higher by shrinking the float. It really makes me wonder if Jane & the Coop realize that buying units for cancelation at 60% of BV will increase BV per share.