EFC ex div date soon approaching (5/29), stock has been sluggish following secondary offering earlier this month, but real-time book value probably in the $25.30+ range. Proceeds from the offering were used to purchase some attractive assets.
I sleep well at night owning this stock. When Mr. Cramer downgraded it under the industry category the said "unknown", now, how in thunder can they "down grade" a stock they seem to know nothing about?? The Zacks rating was more accurate.
Don't ever put any stock in ratings from The Street when it comes to high yield companies. They use a computer based model that doesn't understand the fundamental differences between a REIT and companies like APPLE or Ford. They consistently misread the income reports on nearly all high yield companies, whether it be REIT's, BDC's or MLP's.