After all the dust settles about Mreits pricing, the value now is very good. Selling below book and above 15% interest rate after taking a beating this stock is a buy now. The stock is so oversold at this point it is ridiculous as the 10 Year is not going to jump above 3% and all of these Reits have been adjusting their portfolios the past 3 months. I think now is the time to buy this stock, Down almost 6% today based on the rise on the 10 year. Do not believe they will let it rise much more as housing and finance will lead economy going forward. If not we are in big trouble.
Last reported book value was 10.10 as of 9/30. Their duration Gap has to be very short. There is no way this company should be trading at a 20% discount to book value. Management will be buying up shares just as they did last quarter. And that will be accretive to book value.