JPM research have just come out with an upgrade to their price...

JPM research have just come out with an upgrade to their price target for VBA from $0.49 to l/t valuation of $0.74. This is based on an improving global outlook, improvement in domestic loads and the fact that VBA is trading at less than 1.25 times NTA. VBA typically trades between 2.5 and 4 times NTA. Their new price target means VBA will be trading at 2.1 times. They believe that many of VBA's issues are cyclical in nature and therefore they're implying that VBA'S issues are not structural. This stock will grind upwards and I believe $1 by mid next year is more than likely. Better than having your money in the bank.