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Hi gameguru,
Have you looked at the latest release and tried to calculate book value. I am assuming i am doing something wrong but i am getting Lss than $20. I know that doesnt make any sense but that is what i get. Perhaps the entirety of the equity is not included in that release?

After the selling of a good chunk of National beef I was pretty excited to see how the stock would react. Since it was sold at a profit and it takes a very cyclical business off the books for cash, I thought for sure it was going to show a nice increase over time. But so far, no good.

Long JEF with partial covered calls...
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