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Message Boards Settings Atlantic Premium Brands (ABR) - Quote Info
ABR trades at 12% of Adj. Book Value      3-Nov-09 02:38 pm    
At the current price of $1.88, ABR trades at a little more than 12% of the company's adjusted book value of $15.18 as of June 30, 2009.

The adjusted book value has declined for 5 quarters in a row, directionally consistent with the overall market for commercial real-estate, so until there are clear signs of stabilization, it's hard to make a compelling valuation argument based on book value alone.

Still, if the slight increase in the 3rd quarter TBI Index, referenced by kabtb:

http://www.cnbc.com/id/33598373

is reflective of the possibility that ABR's business might be stabilizing, then perhaps a discount of almost 88% from adjusted book value is too much.
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ABR trades at 12% of Adj. Book Value
bombardierg... Not rated 3-Nov-09 02:38 pm  
 
Huge short ratio here, approx 3M shares. If there...
df2830 Rate it 3-Nov-09 03:53 pm  
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Arbor Realty Trust Inc. (ABR)

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At 4:01PM ET: 1.76 Down 0.04 (2.22%)
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