Alot of hurt on this board..
Been hammered down, but I might touch this..
Fat divvie and mortgage rates dipping, construction spending and housing sales down will obviously keep rates low in the near term so end of quarter this should price out its asset base at paper gains with obvious opportunities to sell higher yielding MBS at a profit to boost the fat divvie..
Here some theme music for this trail..
It's late and I have been looking at numbers all day..
But this stock is ridiculously beat down..
According to this filing after last offering and according to the reported numbers
I get a total stock holder capitalization figure of $2,187.692 million after offering and total shares outstanding of 115.384 million for a BV of $18.96 and this 23 % dividend wench is selling at $14.50..
Alrightyyy then I'll sleep on this get refreshed and recheck these numbers on sunday with some fresh eyes..
I bought at $14.70 and gulped when it went south of $13 with the larger herd.. Wish I would have bought more of this when it was sufferring from bleak and doom and gloom fumes..
The media has alot to do with the short term market fluctuations, glad to ride this roller coaster higher right now. Looking for a strong quarterly report and another good dividend announcement... Cannot beat the dividend yields here.