This past quarterly earnings call for Abacus Global Management (ABX) was a bit like being taken out for dinner and having a two pound lobster, but last year you were taken to the same restaurant and had a three pound lobster. You know full well that there isn’t anything to complain about, but comparison is the thief of joy. The market reaction to the earnings call was initially a selloff, but over the last two days, the stock price has rebounded just about to where it started. This makes some sense, the growth this quarter was masked by temporary headwinds, and the timing of the next securitization was pushed back possibly into early Q3.
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