u/AccomplishedBox9757

The author argues Finance of America (FOA) is deeply undervalued at a ~5 P/E given 2026 guidance of $4.25 diluted adjusted EPS and $8.00 basic EPS, with upside to $6.00 diluted EPS if mortgage bond spreads tighten. He sees a near-term short squeeze because the float is only ~1.2M shares while open-market short interest is ~900,000 shares, and the last large seller, Reza Jahangiri, has fewer than 20,000 shares left after Schedule 13D/A selling. The catalyst is exhaustion of that sell pressure plus locked founder convertible/exchangeable notes, leaving shorts without shares to cover; he personally values the stock at $170–$200.