Board members...WMC second quarter dividend is 90 cents (reduced from previous 95 cents), ex-dividend is June 27 and it is payable on July 29...WMC 'is only paying' 20.8% at it current share price...the heck with the Fed and the gloom and doom, I am buying more (est. book value is now $19.25)...! $tagg...!
rogers...the markets 'always over correct' (up or down) and I feel all of the refineries are are a 'strong buy right here and now' (nothing has changed except the value of our holdings)....that said, I am a buyer at this time...I bought more WMC today and will probably buy more WMC and some others tomorrow...I sold all of a mutual fund (FJSCX) and I have to wait for more funds to invest...
Again, while I am taking a haircut at this time, I still believe that if my income from my investments 'keeps increasing' the total value of the holdings should take care of its self over time...at some point in he future 'the snap-back' on NTI, CVRR, ALDW any many others 'will be great'....! $tagg...!
Stagg and Everyone, there was a good Seeking Alpha article on mREITs which spelled out the difference between some of them (agency vs. hybrid) and explained why we are seeing huge drops in book value. Mentions that the agency mREITs with the longest duration could see a snap back if rates stop rising. People like Bill Gross and jeff Gundlach expect the 10 yr to level out around this point (2.4%).
I have to agree. For me, I'm not smart enough to trade on the technicals of the market or any stock, but if I got a good dividend stock, the sun is still shining behind the clouds.
I got NATDF today at 8.70, a price I did not think I would get. That's a 10.3% yield. Now that Big John has taken the reins I think this ship is ready to set sail. Looking for a deal with SFL very soon.,,, at least one can dream.