World renowned* financial guru with over TWO years of experience weighs in with his commentary on WAC . The link below will give you entry into this amazing effort .
Meantime , there is one particular sentence that I would like someone who owns thousands and thousands and thousands and thousands of shares to clarify for those of us who do not understand the mortgage reit sector .
Who could this be ????? Let me think....John "Irish " Keeley of Notre Dame fame ?? I don't think John wants to font run a position that many believe he will be selling in the April and July quarter .
Who's left ??? Oh my bad , of course , our own muti multi millionaire BENJITA !!!
Here we go; Harden states : "Of course , over time GAAP and taxable income will have to converge , so there will be a point later in the cycle where GAAP income exceeds taxable income and the dividends will be cut ."
IMO given the portfolio of WAC with percentage of deliquencies , refis , and buy backs plus the FACT that WAC has sat on the 76 million with zero levering that time is now .
Well , Benjita you have our attention........people this should be really funny . Enjoy , but don't be surprised if we don't receive a response until tomorrow when benjita seeks info from his handlers on how to answer this really important question .
*why is Patsy world renowned ? This jackoff wrote the last positive articles on both NFI and Thornberg ........now that's incredible .