Steven Reiman
Long/short equity, value, research analyst, small-cap

Cherry Hill Mortgage Investment Corp.: A Favorable Bet On Rising Interest Rates

I stumbled across Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) (referred to as "Cherry Hill" for the balance of this article) when I came across the fantastic blog of a fellow SA contributor while researching Entrec Corporation. I wish there was a more scientific method to the madness but unfortunately, there is not; I have found that my random walks through the google-sphere generally yield some of the best finds and Cherry Hill is a testament to that fact.

As I looked deeper into Cherry Hill, I found a company that seems to be ignored by the market due to a lack of clean financials even as it seems set to capitalize on a rising rate environment. This creates...

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