Lots of optimistic posting on this board. Why? This stock has fallen from 13 to 9 this year so far. And it has a gob of property stocks acquired from Barclays. I assume these are largely European commercial properties. And Europe is in sad shape currently. The best thing to be said about CXS is it's managed by NLY's FIDAC group that I have high respect for. Disclosure: I own NLY and CIM and CXS.
Ok, how is it speculative to buy a REIT at 75% of book value, that has increased the dividend from 20 cents to 30 cents over the past two quarters, whose management says they are executing the plan as previously committed, while also committing publicly to not issue new shares below book value, and whose management is the same company that manages Annaly, the best REIT in the business?