this stock is way oversold. NTA 1.74, trading at 1.44. Holders panicking that global credit will fall further, having been weak of late as all credit markets have, however has turned this week. The chart below shows US high yield (chart code SPUSHYS) and NBI, both in USD (in AUD NBI has performed even worse) NBI now cheap, especially with US HY rebounding. A good 20c in this trade.
