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Invesco Mortgage Capital Inc. Message Board

  • zebra887 zebra887 Aug 19, 2013 12:03 PM Flag

    Down down down she goes

    Higher 10 year yields and I think the prospect that tappering will involve an end to mortgage back securities are the issues today. The higher treasury rates hit NAV. I thought there was hedging against that possibility.

    The market has slid through a number of price points I once thought would be attractive. At some point along the line here things are going to get oversold enough to motivate buyers, this one too.

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    • This stock is greatly over sold. With increasing interest rates, book value will decline. This will not effect the dividend. Income is dependent upon the difference between long and short term rates. The lower the short term rates the more that can be borrowed cheaply. The bigger the spread, the better the income. Of course, the lower the pps the less likely money can be raised with a secondary offerring. On the whole I believe this company is in a better position to maintain the dividend when the "taper" smoke settles.

      Sentiment: Hold

    • Right now, I wish I never know the existence of this stock; tis stock seems to go down every single day; I would buy again to bring my avg cost down , and I would do it when this POS hits 10; and by that time they probably cut div to 20c. :(

15.55+0.18(+1.17%)Aug 29 4:02 PMEDT