Some other observations:
NTA turned positive (from negative 10 cents to plus 6 cents), which is good. Yes, they still do have a lot of intangibles on the balance sheet, though given the earnings capacity they do seem to be appropriately priced in the balance sheet.
Liabilities to assets dropped into a more acceptable region (down from 64.2% to 59%), which is good as well.
Balance sheet clearly improving and promising strategy.
