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Redwood Trust, Inc. Message Board

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  • superbowlchampstealers2006 superbowlchampstealers2006 May 26, 2010 11:22 AM Flag

    Why isn't this in the mid 20's yet?

    Last Trade 14.7400
    Trade Time 11:06:49AM ET
    Last Trade Exchange
    Today's Change 0.2000
    Today's % Change 1.38%
    Bid N/A
    Bid Size N/A
    Bid Exchange N/A
    Ask N/A
    Ask Size N/A
    Ask Exchange N/A
    Primary Exchange NYSE
    Currency USD
    Open 14.6500
    Day High 14.9000
    Day Low 14.5400
    Previous Close Price
    05/25/2010 14.5400
    52-Week High
    08/06/2009 19.4500
    52-Week Low
    Volume 99,724
    Average Volume (10-Day) 1,072,961
    Average Volume (90-Day) 702,266
    Market Capitalization $1.13B
    Shares Outstanding 77,897,000
    Shares Short* 4,186,552
    Short Interest as a % of
    Shares Outstanding*
    P/E (Most Recent Quarter) 6.27
    PEG Ratio 1.89
    Ex. Dividend Date 06/28/10
    Dividend Pay Date 07/21/10
    Dividend $0.25
    Annualized Dividend Yield 6.88%
    * Shares Short and Short Interest data provided by NASDAQ, NYSE, or AMEX and is updated periodically and on a monthly basis (depending on the listing exchange).

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    • can't compare their dividend to other reits unless you factor the tax treatment. all of 2010 dividends are return of capital, as they have significant NOLs from the write down of their book. therefore, it's 100% tax free right now.

      depending on your tax bracket, you can compare the after tax yield to the other mreits.

      • 1 Reply to wizenutz
      • Agreed. But,I have a longer term perspective. And, after the NOL is exhausted, the dividend will still be the same $1.00 per year.

        I believe the price of this stock is driven by the dividend. I would like to see the company share more of the wealth with the stockholders and increase the dividend.

        Then you will see the stock price respond. Until then, I don't see the catalyst for a substantial increase in the price of the stock.

12.96+0.07(+0.54%)Apr 29 4:02 PMEDT