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« 96 Years Ago, the NYSE Shuts Down | Main | Recession Receded Worst Than Previously Thought » July 30, 2010 NICK's ROE 14.5%Here are still more stats from NICK's earnings report. The beginning and ending shareholder equity figures for the last quarter were $101,361,000 and $97,437,000. That averages to $99,399,000. NICK earned $3,425,500 for the quarter so that comes to a quarterly ROE of 3.45%. Annualized that comes to 14.51%. So this stock is almost like a 14.5% subprime bond that's going for less than par and it's credit quality is improving. That's not a perfect analogy but it does place the stock in some context. Posted by edelfenbein at July 30, 2010 10:47 AM |
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