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Monarch Financial Holdings, Inc. Message Board

  • barkingdog78 barkingdog78 Sep 18, 2013 1:35 AM Flag

    Mortgage play: Go with MORL over MNRK ... it's a no-brainer at 27% yield!!!

    "The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) is about a month away from its first anniversary but has already solidified its reputation as the highest yielding U.S.-listed ETP. MORL’s monthly distributions to owners totaled nearly $1.30 per note during the most recent quarter. Given its current trading price of about $19.20, this places the current yield of MORL on the north side of 27%."

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    • Here's what you missed in the UBS press release about the distributions:

      "The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN. "

      'no-brainer' is correct , in a way, as only someone with no brains would call that a 27% yield.

      MORL is one of the most dangerous securities imaginable. It's also down double digits in a strong year. All the silly negative mortgage #$%$ you have posted erroneously about MNRK actually does apply to MORL.

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