<<Any thoughts on alternatives that you would care to share?>>
sure . IMH would be at top of the list . they have substantial business in underwriting new MBS loans (warehousing and securitizing and cherrypicking the best loans to keep in their portfolio).........
UBS's Gary Gordon (considered the best in the MBS REIT biz) just put out a re-emphasis of his Strong Buy with a $14.50 target ..........
they also just priced a small secondary deal at 11.25 and have rebounded well off it but its still well below its 52 week highs ......
Thanks for the info. I'll have to look these over. I have owned RAS since 1/01 buying on the dips from 13.60 to 16. Just sold all my holdings for 22.65 because I think there is going to be a big sell off, pre 9/11 then i'll get back in.
Most all of them.
Alphabetically: AHR, ANH, AXM, FB, IMH, NFI, NLY. I'd even put CMM, which doesn't pay a dividend at all, in there with more upside than downside vs. RAS.
Frankly, I missed buying RAS at under $15.00. Would love to own it there but would likely have sold it already. :-)
Disclosure: I own most of those listed above. I bought most of them back around 7/24 near the lows. I have GTC limit sells in on all of them except CMM which I've owned much longer and is another case altogether but probably not suitable for most here.
Not recommending anything!!! Do your own due diligence on these to see if any meet your criteria.
"why own the only MBS REIT at alltime effective highs when a bunch of others offer more upside ? "
Any thoughts on alternatives that you would care to share?
And if this is a repeated question from your past, I beg tolerance....
Not trying to speak for bond_dadddy but I think you are putting more into that than he said.
The point was that RAS paid a dividend since that $24.13 high. Thus, the current price of RAS is almost equivalent to its 52-week high if you subtract that dividend that was included in that $24.13 price.
Whereas, other mortgage REITs are still selling at big discounts to their 52-week high prices and are also providing much better yields than RAS. Thus, they have a better upside potential along with a much better yield than RAS provides.
That makes sense but I don't understand the details around that date. As you said: on June 25 RAS closed at 24.13 and on the ex-div date of June 26 it OPENED at 23.10 and closed at 23.19. I thought that it would have opened HIGH and closed lower or perhaps even dropped on 6/27 as some latebirds sold after ex-div date (6/27 close= 23.60)...what have I missed...Was it possible to sell on 6/25 and claim the dividend??