Nothing pretty about any of the watermark lics presently. How we've got a 180 degree about-face from last year is astounding!
All three are fairly much market neutral so some very poor bets being made it seems.
NTA for this co would be around $1.17 currently (sept 30 was $1.21 after .04 roc, less .04c dropped in Oct.)
Now the buyback.
In danger of disappearing up their own a...