did we just break out of a descending triangle on high volume that started in mid December? If so I think were looking at 17.25 before we hit any meaningful resistance.
chidragon38 I disagree. I think we are heading to the upper 16's possibly somewhere in the low 17's. Here's why: The stock is trading at an 18% discount-to-book (book value being $18.82), earnings just beat expectations & with earnings of .49 per share, IVR can easily cover the .45 div which, at 11.7% is very nice to get every quarter. Care to back up your statement with any sort of substance?
Unfortunately it doesn't show updated book value. But they are clearly moving away from being residential mREIT. Not sure how to segment them now, hybrid REIT?
Why is there so much insider buying of this stock -IVR ? They have been buying it at much higher price than its current price. These insiders are better informed than the outsiders. So I have been loading on. Anyone has any opinion ?????
well...the yield curve (spreads) keep narrowing...need a wider spread...for future merit paper to pay off well...unless they employ lots of leverage...Maybe one positive tho would be that the book values (nav) are very low...and whenever they've gotten close to 0.8x , they tend to buy back their own shares at a discount....So, if you're looking for any bright spot, that might be it?