They still have 2.7B IN DEBT and now have 125M less cash. Actually only 150M cash now on hand. Yeah, let's see how that works out.
You do realize there mortgage assets have increased in parallel with the increased equity. More Capital means MOAR RMBS
here's news for you. the CPR rate based on the press release was 11.18% June'15. Mar'15 was ~15%
How did accelerate prepayments impact earnings??? huh??
This is incredible. It went from 17.20 to 15.60 in the matter of a few weeks. You can thank idiotic management and WS analysts for pumping this with price targets of $18 and $19
the overhang is 120B in debt. However, they have assets of 260B. 2015E EPS is $1. They also have proven reserves worth well over $600B. the question is how do they get that out of the ground without increasing capex? That's right, they will sell some of the rights to foreign companies to help raise cash. I value them at close to 100B, which would be about $15
i bought today at 13.06. I'll keep a tight stop in the low 12s, should it continue to free fall