RE:RE:RE:don't get trapped inif including all elevated Expenses in Q2,it is $2.70
can get earning without "one time loss" at 2.70-1.73=0.97
comparing with equitable price/earning=6.2
home capital stock price =6.2x0.97=6.01
lower than my target price at 6.50
mmsl7751 wrote: it is -$2.44 per share on loss+ 1.73=0.71 on earnings
compartin with equitable p/e= 6.2
HCG= 6.2x0.71=4.4
copy from Q2 F/S:
"Incremental costs incurred in connection with the liquidity event totaled $213.6 million (or $157.0 million after tax and $2.44 diluted earnings per share) and included the following: 1) $130.6 million in commitment fees and interest charges related to the emergency credit facility and Berkshire line of credit and related professional and advisory fees and 2) a $72.9 million realized loss on the urgent sale of the Company’s available for sale asset portfolio."
WayneH5565 wrote: A 4 year old could separate the one time costs (LOC + Asset Sales = $206M) from the loss and you get approx $0.85/earnings @ 80M shares. So this thing is trading at about 3-4x earnings. So if you put a 6-8 times multiple on it, which is pretty reasonable, this thing is cheaper than sand at the beach.