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Apex Mortgage Capital (AXM) Message Board

  • j_d_foxy j_d_foxy Nov 20, 2001 11:15 AM Flag


    while I read TEI board religiously, I have aquestion for you. It seems that AXM is weaker than other mortgage REITS. For example NLY and AHR seem to be holding up quite well notwithstanding the conditions you mention in previous post (strong possibility of rate increases in next six months).Is the AXM situation related exclusively to leverage effect as opossed to possible rate effect? Thanks for comments. Foxy

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    • j_d_foxy

      As posted AXM is going thru a secondary.
      When the last secondary done on AHR it was
      near $9.50. So maybe when AXM secondary done
      the price might come back above $10.50 and
      might do $11.00 if market conditions right.