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Anthracite Capital, Inc. Message Board

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  • randallg_99 randallg_99 Sep 15, 2002 6:00 PM Flag

    does anybody have a opinion on HCM?

    Indeed. HCM is a risky holding IMO, and I hold a small portion of it in my portfolio.

    They yield is very consistent, but methinks that the caliber of trade that HCM caters to is going to be the first to default... and as the foreclosures/bks/defaults inevitably rise in this "spiraling economy," HCM will be the first to drop.

    However, I am holding long and forsee a strong 3rd and 4th quarters as their online biz for swapping mortgages has really taken a stronghold and set a precedent for doing biz in the future.