Thanks in advance:-)
OAKS also pays monthly. And they are not ran by the same team that runs Armour like JMI is. However, if you still like JMI and have yet to buy, today is perhaps the opportunity. Just massively cut divi and is down big on the news. If you already bought JMI, my condolences.
The market is likely to push interest rates up whether Uncle Ben wants them to go up or not. And as a long term investor in WMC I don't see a 3 month delay making that big of a difference. The eventual inevitable taper and rising rates WILL put additional pressure on mREIT's. And when it happens, I will add.
I'm not making this up, although if I had i would be very proud and would have marketed them myself. A company has manufactured ammo that has pork products fused into the metal. No 73 virgins for you Mr. Jihadi. LOL!!!
The sign I am reading says you lost 6% in 4 days. And it is a flashing neon sign.
I will not touch PM's until the inflation rate truly starts to spike up in a big and noticeable way. Until then it is a casino game
And nibble I did. Still have large pile of cash eagerly awaiting other dividend cuts in mREIT's to nibble again. Yummy.
Hopefully they already cut the divi enough so no further reductions will be necessary. However there is still the specter of pressure from rising rates. Now I have heard it suggested that the pace of the rising rates are more destructive than the rise itself since they can adjust into floating rate structures to compensate. I will be moving slowly back into these things based on two criteria. The first is a dramatic cut in divi like just happened on JMI. The second will be much more long term, after the rates adjust up over the next couple years.
Can't make this up. Some people were hoaxed on some social media site which claimed the new I-phones were waterproof. So like a true world class imbecile, they put it to the test. Now they are screaming mad and wanting to blame some one else!! Classic!!
That is an easy one. George Bush! And I know you said great depression, not great recession.
1.65B divided by 46.96 million equals 35 dollars per share. Where am I missing something?
he bluntly said somebody had tomorrows news yesterday. LOL!
I am researching this. But at first glance it appears since it trades on the NYSE it should qualify for tax deferred status.
That means guaranteed capital appreciation if people really do pile in, in the same numbers that moved into reits back in the 1990's.
Well that is a vote you are going to lose. I didn't feel good about voting yes but it had to be done. But this pretty much assures we trade at a level closer to book value for the next year. Unfortunately raising additional capital is just a fact of life for this type of business structure.