Thoughts? Anyone? You know, I've checked at least three different analyst reports on this company, and all recommend it as a buy with decent numbers. Yet, the Market is being very unkind to the stock. It could be the stock is being punished by the Market sector, and consequently, undervalued. I'm currently looking at it this way for the time being and holding my shares. I have to admit though, things look a little scary today. Anyone else have some thoughts on PennyMac?
Other than my thoughts of yesterday? Load up, the market is treating all mortgage REITs like red headed stepchildren. Unless you believe housing is going to suddenly fall off the table, at this level you got 25% upside plus a 10% + yield.
gmax, I hear you. I've got 1200 shares of it already. Hate to pile on and expose myself to more risk, although I still see it as having a good upside. Going to wait and see on this one. Good luck investing.