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Newcastle Investment Corp. Message Board

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  • dgmcpa dgmcpa Jun 25, 2012 1:58 PM Flag

    Cash Flow from MSR

    Thanks for the reply Dave,I knew the 35% number would get a response, my present NCT position at current div rates will account for approx 5 to 6% of my retirement income which will be around 150K per yr. I have a portfolio of $1.2 mil consisting of 20 diversified stocks that earn an average div yield of 6.50%. I have held NCT shares since 2007 and my avg SP is $7.50 and I will be reducing my position probably in 2013 when I expect the yield to come down to under 10% and a SP that will exceed $8.50 based upon the current MSR deals and the increase in the available distributable cashflow. I think Dean has the most accurate assessment of NCT and its business model.

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3.20+0.12(+3.90%)Feb 12 4:02 PMEST