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ARMOUR Residential REIT, Inc. Message Board

  • Trying to find out about this stock...anyone inveswted in it or has considered a buy within the last 3 months? It pays a pretty good 15% dividend, and it may just be a way for me to diversify into Canada.

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    • The only thing I could find on this is something from the Fool web site dated Dec 11, 2012.

      "The first company on the list, with $5 million in insider buying, is Javelin Mortgage Investment Corp (NYSE: JMI). This is a REIT that has only been trading since October, but note that it is externally managed by the highly successful Armour Residential. The stock is currently trading at approximately $18 per share and yields 15.5%. 4 insiders, including the Chairman of the Board and a Director, have bought a total of 250,000 shares, worth nearly $5 million. Since its debut, Deutsche Bank and Citigroup have initiated coverage with Buy ratings, and a Neutral at Credit Suisse."

      "Given the lack of history with this company, this stock is definitely a risky play, but the 15.5% dividend is certainly tempting."

    • Canada? What makes you think it has any investments in Canada?

 
ARR
4.15+0.02(+0.48%)Apr 17 4:02 PMEDT

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