Good points. CMO deals mainly with residential ARM, government-backed mortgages. Also dividend was raised last quarter to $0.56/share from $0.36 in fourth quarter and $0.55 in third quarter of 2008.
On May 20 07:48 AM doubleguns wrote:
> CMO with a $1.98 earnings cant support the dividend. Don't count > on that dividend to hold up. > > If they are in commercial mortgages don't count on the stock price > to hold up over the coming expected correction in this market either.
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Good points. CMO deals mainly with residential ARM, government-backed mortgages. Also dividend was raised last quarter to $0.56/share from $0.36 in fourth quarter and $0.55 in third quarter of 2008.
May 20 08:11 am
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On May 20 07:48 AM doubleguns wrote:
> CMO with a $1.98 earnings cant support the dividend. Don't count
> on that dividend to hold up.
>
> If they are in commercial mortgages don't count on the stock price
> to hold up over the coming expected correction in this market either.