% | $
Quotes you view appear here for quick access.

Western Asset Mortgage Capital Corporation Message Board

  • ironroad45 ironroad45 Jan 8, 2014 1:02 PM Flag

    Mesmerized by LARGE Distribution?

    Look what happen to GNI.

    Hungry for yield but too lazy to do DD research.

    Some pitfall stocks; Top of the list...Cornerstone CEF's... CRF, CFP, CLM all trading above 15% of NAV and payouts above 17%...with a 21% managed distribution....what does that mean.

    WMC shows over 60% yield on 'stock screener'...but all us here know "The Rest of the Story".

    Gold, Silver, MBS REIT's all need to be looked at with; "The trend is your friend", in mind.

    Best wishes to all.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Somewhat right and completely wrong

      wmc is a special divi that does nothing - its 70 to 80 cents divi quarterly

      conerstone is a fraud - plain and simple - its hard at times to short these cef's when they fraud like control the float - they keep the stock up as they transfer ownership from insiders to the public.

      cefs are amazing - they are legalized ponzi schems (some of them) such that as long as they disclose they are returning capital they can do so and so people just see the yield and have no clue.

      dnp is like this - get short and the shares get bought in quikcly

      wmc is nothing like those but it is overvalued on a p/b basis and thats why you saw it go nowhere recently as the sector ran up.

10.45+0.19(+1.85%)Oct 25 4:02 PMEDT