The dividends cut was widely expected.it would have been irresponsible if they had not done it. it was necessary for a future recovery of the stock
Sentiment: Strong Buy
Yep, they sold $5 billion in bonds! Now they have firepower!! Will buy the good bonds now
Jojo - they sold $5 Billion dollars in bonds to take leverage down. And they did it when MBS prices were at their lowest. Given today's move it was a mistake.
The only 'firepower' they have is to increase leverage and with that increase risk. Don't think they are sitting on $5 Billion in cash. Good luck.
That's a stretch. 6 cents maybe. Taking it down 29% is just brutal. They took JMI's div down 35%. ARR's management is just horrible.
5 cents is fine! $5 billion in fire power, this will turn