TCP at 2 cents is trading at a fraction of book value after the credit cycle downturn hammered collections.…by @julianreins_jse on $TCP

TCP at 2 cents is trading at a fraction of book value after the credit cycle downturn hammered collections. The dividend yield is meaningless at these levels, but if management can stabilize loan books and return to 15% ROE, there's real upside here for patient capital.