The price is getting beat down because as rates rise, they will make less money meaning their div. goes down. However, considering we are looking at a 20% dividend right now, I see no reason to sell. Once the markets even out and calm down as the fed bows out of QE, we should see sanity return and people will be loving this stock as it pays a 12% dividend when priced at $10/share. The only reason I am not buying right now is because I am saving for a new house and by paying my mortgage down, I am guaranteeing myself a 5.5% return:) Otherwise, i'd be in this a little deeper. It might go down further though, but long term I think this is a great buy right now, even at 8-10/share.
Uncertainty , Rates never been so low, and the fact they were artificial. Company needs to adjust and hopefully were prepared for the telegraphed rate rise. Imo This pps could be once in a lifetime for CYS .