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PennyMac Mortgage Investment Trust Message Board

  • engineer_peon engineer_peon May 9, 2014 11:23 AM Flag

    Turning into a disaster

    This stock is crashing. Turning into a financial disaster.

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    • Not any more. Current report reverses last quarter's bad results. Stock now undervalued.

    • weewillie08@sbcglobal.net weewillie08 Jul 12, 2014 8:52 PM Flag

      Engineer, since your post it has gone from $20.93 to $21.86 on 7/11, and to boot, it also kicked in an extra ex div. of 59 cents/share. Not bad for a financial disaster.

    • eng_peon,
      don't know if you will see this post but i thought to drop you a message. mayhaps your i.d. is tongue in cheek but i never want to see an eng thinking himself a peon.

      i got a B.S. in mechanical eng with a minor in industrial management and worked first as a product design eng and then a mfg eng for many years. my company offered to pay my way if i would pursue an MBA. i did and was eventually promoted to Director of Operations. years later i retired as a VP/GM from another mid sized privately held manufacturing company. my engineering background, coupled by a financial acumen served me well. go pursue an MBA and lose the peon moniker. we need more management types with engineering backgrounds vs. legal or solely finance histories.

      • 2 Replies to nadsmis
      • weewillie08@sbcglobal.net weewillie08 Jul 12, 2014 9:00 PM Flag

        Nads, look at it this way. At least 5000 of the 20 million or so illegal aliens that have flooded into this country are more than likely an engineer or scientist. The odds surely favor it. After our politicians allow another 40 million to enter the country illegally, that number will kick up to around 15,000 engineers and scientists. What more could a self respecting country ask for? So be assured, those management and engineer types are just around the corner.

      • A bit off topic but I found your "resume" interesting. Agree that USA needs more in management with engineering backgrounds vs. legal and financial. USA economy is presently in a quagmire and I think a lot of it is caused by way too many lawyers in the House and Senate. Look at China, which over the past 30 years has had great economic progress even with a less than ideal political system. Seems that almost every high level politician is an engineer or scientist.

    • Be an investor, not a trader. Longer term, the real estate market will make a comeback and the dividend pays you to wait. I believe, since some of their portfolio includes other parts of the mortgage business besides securities, and, from looking the results of many of their competitors, the first quarter had both seasonal and weather related factors.

    • weewillie08@sbcglobal.net weewillie08 May 9, 2014 12:29 PM Flag

      Its turned into a real dog. Getting dumped big time. If it goes under $20 today, bad times for everybody.

    • for now
      it will come back next week

 
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