Wiserob,Can you elaborate on your post please?My info shows that...

Wiserob,

Can you elaborate on your post please?

My info shows that they have increased shares outstanding from 200m to 300m in 3 years, but they have increased their shareholder's equity from 120m to 1,234m in the same time.

This means that their book value has increased from 60c to $4.30 in that same period.

Have they substantially increased the amount of shares since then? Or have they written down millions in overvaluating assets or something? Maybe I have missed something here???

I don't mind them issuing more shares as long as their book value is heading north.

Still looks like a bargain to me if they can maintain their loans.