Now instant, you're not telling the whole truth here, are you? You called for $12 before the SBY distribution and the most recent dividend. If you add those back into the share price you're still a long way off from $12.
No. I called for $12 after distribution. Check posts again. $10 to $11 range seems like the future range for this stock. I hope I am wrong for your sake. Wish you guys at two the best. Might take a position in the mid 10s if two gets there. We'll see.
It makes no sense for TWO to be hit. Not all mREITs saw a drop in BV.
AGNC lost BV on its TBA stuff; TWO does not have any of that. On the agency side, most (if not all) of TWO's BV came back already. TWO has lots of subprime bonds, and those will be up several percent. Further, TWO is getting into MSRs; yesterday's announcement made that all but official.