What interested me was the closing FUMA it started this quarter @$103,439 m and ended @$104,128m but the average for this quarter was only $102,658m Thus to average that they must have lost some and only regained it near the end - I wonder if that is part of the Margin issue losing some at good margin and having to compete on margin to win back some?
Margin is a big issue even at small percentages but I have not had the time to try and build or revise a model.
I know you see markets as efficient and punishing that but still think that a almost 7% drop in price is a bit steep a drop...
What interested me was the closing FUMA it started this quarter...
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