Vernado's Share Price Is Down 75 Percent

The stock price of Vernado is down 75 percent from pre-pandemic levels. It's trading at a 40 percent discount to book now you can say book is wrong and I wouldn't disagree. No one's thinking about this whole nonsense about work from home is changing the world forever, says John MacIntosh. The more unemployment ticks up the more nervous people are going to get about their jobs so they're going to race into the office in order to protect their job. We were pounding the table on stocks last October it was because we knew in public markets the market bottom 60 12 months before earnings bottom," he said.