Interesting. "Shares of Capstead Mortgage Corporation (NYSE:CMO) lose Wednesday’s post-earnings gain as its management debunks, via its earnings call, any notion of a buyback. Chief Executive Andrew Jacobs remarked that there exist more lucrative methods for the company to deploy its capital". Wall St. Cheat Sheet, 10/26/2012. What could it all mean?
Repurchase of shares is usually good sign for the company financial situation but not REITs. That is the sign that REIT does not have investment field to use its money. The only good thing about it is that you dont have to worry about SPO for a while.