approaching 0.95x.
Spekulatius and others, curious as to how you all are thinking about this company in relation to others / the portfolio. I see it as a relatively safe, 0.8x-->(1.2-1.4x) re-rating + positive carry "trade" (which may take 1-5 years), but then intend to keep a quasi-permanent position in small size. In 2018, this got to 1.4x. It's tough for me to see much beyond that, but also tough for me to think this should trade at book given the heavy title exposure and that division's very high ROE.
I have not trimmed and have only added since purchase. Just curious what other see as the upside/ceiling/whether people view this as a 5+ year hold or something else.
