SOMEONE - THROUGH S.A. IS TRYING TO SCARE YOU OUT OF YOU SKIN. THEY DUMP BAD ON (CIM) AND THEN SAY: Some of this risk appears already priced into non-agency paper, and several non-agency mREITS are now trading below book value. This discount highlights a significant expectation that real estate will sustain a second move downward in the near-term.
THIS IS A WANT-TO-BE " OPINION WRITER " TELLING YOU THAT THE EXPERIENCED GUYS @ (CIM) DON'T REALLY KNOW THEIR BUSINESS. I SAY S.A. IS OUT OF LINE - AND IS "TRYING" TO DO MORE THAN INFORM!!
Seeking Alpha has been waffling, vascillating for a month now,, on "down" days they publish a negative,, on "up" days they publish Book Value, and the Agency 49%, NON agency 51% ,, then do feel good pieces on NON agency,,, from my chair,, it's a NON issue,, if the guvmint goes broke, it'll take almost everything and everybody with it,, CIM, (at that time) would be the least of my worries.... and that yahooblowz moron, is clueless
You must be dumber than a bax of rocks !! no one can answer that question for sure. give you an example of "s&@t" going on in this market. precious metals have gradually gone up for 10 years. gold from 275.00 to 1,620.00. silver during the same time went from 2.00 to 49.50. the silver streamer (slw) after getting above 45 broke down and can not recover even though (slw) as a company will make 1 billion dollars this year. as long as the commodity sells at this level they will make 2 billion next year -- but no strength in the stock -- why ?? well, hell - i don't know -- but the point is - i do know that (slw) is a very sound and profitable company and will be for years - but for some time the stock has gone down exhibiting weakness rather than strength.