A lot of good a high yield down if the share price goes down greater then the Div Yield! ! there is more protection in the Preferred shares then in the common see this chart and you will see you are DEAD WRONG in what you are saying...http://www.forbes.com/sites/dividendchannel/2013/08/15/armour-residential-reits-series-a-preferred-stock-yield-pushes-past-9/?partner=yahootix.
I agree that this is a give a way price. Wayyyyyyyy oversold.
Buy and hold. See ya at $7.00 in 24 months and gather dividends over the same time frame.
Who are these bashers???? False statments of book value are ridiculous.
Buy and hold this one folks.
i have to agree with Ed... I thought the same thing at $5.04 this is the perfect environment for this stock to fly but it has not... I am not saying it will not make a run but... my question is what would need to happen for it to go up? It had good earnings...the stock market is at an all time high. Why is it not up now. Interest rates are low yet it is paying a high percentage. The truth is we do not know how this stock works and since we can not figure it out something must be wrong. Good market bad market, good Economy Bad Economy, high Interest rates Low Interest rates... it just keep falling. Why worry about a Dividend cut? You don't have to deal with that in Preferred.