IMHO we could see $8.00. Just the idea that earning could be bad has dropped us to $9.00. With 4,500 shares at average of $10, do I sell or wait it out, Stock dividends have been good to me but, I am leaning towards selling. What say you?
Why sell near the low? If you like the company over the long term, a better strategy is to average down and pickup more shares down here in anticipation of the eventual ride back up. That's what I did. Things could be choppy for a while but you are getting paid nicely to wait it out.
I have complained about this to Margaret, the investment contact at TWO. The problem is not that the company is doing poorly, but rather that investors are in the dark as to what has been happening to book value per share as the quarter has progressed. I have asked the company to post on their web site weekly estimates of book value per share.