Now, maxbids, i know this is advanced so follow along, go use your little stock price history tool to look at when i posted this. Now you will observe that when i did post this the price was $25.00 even a share. WOW thats 3% below book-----DUH---LOL
I would say a good entry point here would be when the yield is 13.5% or higher. Or buy another good Mreit, at 1X book that does yield north of 13.5%, like MTGE or WMC that have a real good reputations for consistant dividends, as well. Two is a real good stock buy at $9.75(at their current dividend level), To risk your cash for the return on TWO now, you are better off with a different Mreit that yields more or a preferred a like agncA for the safer road.
This is really making no sense. I follow a lot of other mreits, many with dividend cuts and "not that great of numbers" and they are literally climbing in price everyday, like TWO, HTS ect. Mtge announces great news and no dividend cut and it goes nowhere. Is there an issue with mbs price spreads or something i am unaware of. MTGE numbers look like the best of the Mreits right now and its going nowhere. I am a strong buyer at this level, figureing in the dividend, but is anyone else...?