FFA at 13c is pricing in serious distress, though the yield on book value might look tempting if you believ…by @pedant_pete on $FFA

FFA at 13c is pricing in serious distress, though the yield on book value might look tempting if you believe SA commercial real estate finds a floor. Problem is the balance sheet keeps taking hits and distributions have been slashed, so that juicy yield could easily evaporate.