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Stock Market & Financial Investment News

News Breaks
February 10, 2014
12:11 EDTOAKSFive Oaks expects to report book value per common share $12.92-$13.02
In a regulatory filing, Five Oaks disclosed: “We have not yet finalized our financial statements as of and for the quarter and year ended December 31, including all disclosures required by GAAP, and our auditors have not yet completed their audit of these financial statements. We expect our audited financial statements to be available in March 2014. Qualified by the foregoing and the disclaimers below, we expect to report a book value per common share as of December 31 within the range of $12.92 to $13.02. This estimated book value would represent an increase from our book value per common share as of September 30 of $12.38...In addition, generally higher long-term interest rates in the fourth quarter led to an increase in the fair value of our interest rate derivatives. Accordingly, compared to a net loss of $7.5M for the nine months ended September 30, we expect to report net income in the range $3.1M to $3.3M for the year ended December 31."
News For OAKS From The Last 14 Days
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November 12, 2014
16:34 EDTOAKSFive Oaks reports Q3 EPS 28c, consensus 35c
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