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Anworth Mortgage Asset Corporation Message Board

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  • reitsbyziggy reitsbyziggy Oct 16, 2012 8:43 AM Flag

    buyer

    I hear ya on the 15% discount to book-I also bought some on the 10th. Pulled the trigger a little to early obviously. My concern is do we have to look at these in place hedges as a reduction in future book value if prepayments cannot be reinvested with sufficient spread.

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    • At this stock price and given management conservative policy and past action (additional) prepayments should go into (additional) stock repurchase. This should help stabilize book value and limit the downside risk for the stock price. Just my 2 cents. I'm not sure how existing hedges may impact book value in the current prepayment storm scenario. Hopefully, we will hear about in the conference call.

      Interesting read for MREIT investors: http://www.bloomberg.com/news/2012-10-16/investors-abandon-home-loan-reits-under-fed-assault-mortgages.html

      Sentiment: Strong Buy

 
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