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Newcastle Investment Corp. Message Board

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  • yieldplay yieldplay Oct 30, 2008 3:26 PM Flag

    Just talked with Investor Relations

    schwartz - also good to see you are still around. This market has made me too ill to post, nevermind get out of bed to do it. I still believe there is upside in NCT - they bought a bunch of AA rated agencies before the Freddie/Fannie takeover, so those should be doing well, and they have a bunch of cash. The real problem is funding sources, but it still makes sense to own even if they just run off the portfolio and then sell what's left over in a few years (and distribute the proceeds to shareholders).

    Good luck!

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