three quarterlies to review prior to next Annual report.... I...

three quarterlies to review prior to next Annual report.... I feel as though maybe circa $5 is accurate value here so might as well take the cash now.

Very superficial analysis I realise it's all I'm capable of, but I was hoping for better than $70 mil profit on the back of higher expense reductions and better core revenue increases rather than the predominant improvement being lower defaults. The P/B has increased at greater rate than revenue/earnings, so IMHO it is a 25% better business but not a a 50% better business.