MMAC - MMA Capital Has Transformed Its Business - The Market Has Not Yet Noticed
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MMA Capital Holdings (MMAC) has completely transformed its business over the past two years, yet the stock price has barely moved. Book value stands at $37.29 per shares as of the end of the third quarter, and it will likely be higher when MMAC releases its annual report next month. Shares have recently hovered in the $31 range, or 20% lower than book value.
The company