elxeneizeInvestment Thesis Arbor Realty Trust's (NYSE:ABR) portfolio is showing signs of weakening, according to its latest 10-Q filing, with management anticipating further challenges before a potential rebound. The recent news of the DOJ and the FBI investigating ABR for allegedly misrepresenting its financials raises the possibility of hidden delinquent assets beyond the substantial sums already reported on its Balance Sheet. Given these risks, we see that it might be prudent to consider adopting a d ...