From 3% to 2.5%. It only took them until mid October. Smartest guys on the street. Now one would think that would mean a buy rating on mreits but let's not get carried away...
Well at least you get a dynamic monthly BV and that is way ahead of the average mreit. To be honest I have been buying it up lately. p/b of 0.85, quality management and a monthly BV and div works for me. One of these days this massive discount to BV will be a memory. In the meantime I like collecting monthly divs. Compare it to ORC and which would you buy?
22 X 3 = 66
66 - 65 = 1 cent
Now they r doing one month at a time so I am assuming it won't change in Nov and dec. But I would say my math so far is correct.
Check out AGNC. Down 2% today after getting beaten up yesterday? I get the fact that MAYBE some investors are selling just to sell but, other than that, these moves are bizarre. Especially when a monthly dividend and BV estimate are coming soon.
Sure but explain the mreit blood today. Why would WMC get pounded over 2% on a day the 10 yr broke 2%?
The mreit market has varying levels of idiocy but today is an outlier.
Not disagreeing but I don't see investors flocking to mreits as a flight to safety. They are not mainstream and are controlled by MM who have made more money selling them than buying them. Unfortunately most mreits will be in the penalty box until rates go up and the managers show they can hedge.
Now if you want to make money take a look at SPXS. Ebola ain't going away and if the 'protocol' allows exposed health care workers to fly around the country during the 3 weeks of incubation....look out.
10 year now at 2.21 and MTGE is trading at a p/b of 0.86? Really?
#$%$ has to happen for MTGE to get back to par? Does a busload of ebola patients have to climb over the white house wall? Someone enlighten me..
If only they knew? If only I knew. I had to look it up. You must have an interesting video collection alkkov.
Third consecutive day of mreit love. Are we moving to BV? The volatility in the stock market is beyond ridiculous. Does anyone give a #$%$ about the Vix anymore? Oil is crashing and it makes you wonder if it is a leading indicator for the entire market.
That is number 2 on this topic. Not sure where yahoo draws the line. I told the penny stock guy to eff off and the post mysteriously disappeared. I don't think it likes the word #$%$.
No lack of volatility today. Interesting to see a second consecutive day of mreit love. Doesn't happen often. It is trading at such a low multiple given the 10 yr at 2.33 one has to think the guys with their thumb on these markets are getting tired. Hard to bet the farm on it though.
I was listening to the Head of US equity strategy at GS say that the 10 yr would be at 3% by the end of the year. Ya have to wonder what planet he is on.
What an insanely volatile day. Take a look at the 10 yr. why did the stock market come back again?
SDRL is one scary looking chart. Apparently no one will ever explore for oil in the ocean again. I also heard no one will ever use oil again after 2014. Russian oil production went up last month so those sanctions are being REALLY effective.
I know. The 10 yr is at 2.4 and there is no imminent threat of rates going up yet MTGE has a p/b below 0.83. If that job report tomorrow isn't awesome rates are going down not up. I just don't see mreit investors wanting to sell. So who is selling?