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Capstead Mortgage Corp. Message Board

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  • habitsowner habitsowner Jul 28, 2011 6:34 PM Flag

    Question, please...

    According to my records, kept on Quicken, I've received $6,330 over the years in dividends. For a while there, because of the splits, I was only getting $2.50 per time. Almost not worth their while to write a check.

    Since I paid $19.51 per share in 1998, after the splits my basis is $78.04 and I'm presently running at loss of over $8,000. So even with the dividends I've received, I'm still underwater, not to mention the time value of money. So I don't agree that I've done "well" but I know it could have been worse. It could have gone completely belly-up!

    • A lot of this is just timing. If you bought in 2005, you'd have a double. The company's business model is different now than it was in 1998. The only important thing is what's going forward, and right now it looks like a buying opportunity next week if the debt crisis is averted (on the other hand, if it looks like default is a serious possibility, the overnight market for mortgage securities would get screwed up as happened today.)

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