impossible to go down now. No point in selling, even when other mreits sell. The short float is looking to cover so no downside risk anymore.
holy #$%$ #$%$. no kidding. Remember 14.70?
Plus where else are you going to get a 22 yield? MTGE? LOL 13% isnt even close. Estimated WMC book today @ 17.25 to $17.50 based on MBS prices.
I didn't really gloss over WMC's last earnings in great detail.
But do you think the dividend is sustainable at that level?
Or a cut is coming.
No point in counting as a 22% yield if a cut coming of course.