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MobilePreacher

 
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  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    i have been using CMO and its preferred shares since 2009 to pay my mortgage, property taxes and insurance, and utilities.... just sayin' :-)
    Apr 17 09:06 AM | 1 Like Like |Link to Comment
  • Titan Machinery Is A Perfect Short [View article]
    bummer about the short call... it was a bold call, and i understand the rationale that was behind it... but TITN is a wild stock man... its hard to be short this thing... its just like TSLA only about 1/20 the price. thats how you have to think of it.
    Apr 10 12:34 PM | 2 Likes Like |Link to Comment
  • A Few Reasons Why I'm Attracted To Capstead Mortgage And Its Double-Digit Yield [View article]
    congrats marley, hope it works out for you. Good luck! and thanks for the kind words.
    Apr 10 12:28 PM | Likes Like |Link to Comment
  • A Few Reasons Why I'm Attracted To Capstead Mortgage And Its Double-Digit Yield [View article]
    we are in agreement COB.... i can feel the warm fuzzies from here in sunny Sarasota :-)
    Apr 9 12:15 PM | 1 Like Like |Link to Comment
  • A Few Reasons Why I'm Attracted To Capstead Mortgage And Its Double-Digit Yield [View article]
    well in june of last year that was the trade, it was probably the worst month historically for MBS in history... CMO fundamentals held up very well, the rest were crushed and lost a ton of money
    Apr 8 03:18 PM | Likes Like |Link to Comment
  • A Few Reasons Why I'm Attracted To Capstead Mortgage And Its Double-Digit Yield [View article]
    actually i think slowly rising rates would be fabulous for CMO as their stuff resets higher. as a CMO shareholder i want slowing rising rates. thats what their port is designed for.
    Apr 8 10:09 AM | Likes Like |Link to Comment
  • A Few Reasons Why I'm Attracted To Capstead Mortgage And Its Double-Digit Yield [View article]
    I am not concerned about the leverage... back in June we had such a move and CMO's portfolio held up wonderfully. CMO is the least risky, most conservative mREIT in the sector hands down.. It has its risks like any security of course.
    Apr 8 07:06 AM | Likes Like |Link to Comment
  • A Few Reasons Why I'm Attracted To Capstead Mortgage And Its Double-Digit Yield [View article]
    the prepayment risk is quite simple really, if long term 30 year mortgage rates get low enough, people will get out of their ARM's in favor of a lower rate fixed. Thats where CMO takes a hit to book value, when they buy an ARM for 105 and then a few months later its prepaid at par on a refinance.
    Apr 7 09:58 AM | Likes Like |Link to Comment
  • A Few Reasons Why I'm Attracted To Capstead Mortgage And Its Double-Digit Yield [View article]
    While CMO is an excellent security, your article did hit at the heart of its biggest risk to earnings and book value, that being the prepayment rate. Those will need to continue to remain under control. Thanks for the article
    Apr 7 08:25 AM | Likes Like |Link to Comment
  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    and to you as well brad.
    Mar 30 10:51 PM | Likes Like |Link to Comment
  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    brad the data pre 2008 is irrelevant since the business model is totally completely different now than it was then. It really is a completely different company, with different leadership. There is no comparison. if you look since 2008 you will see the dividend is actually quite stable.
    Mar 30 10:21 PM | Likes Like |Link to Comment
  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    Well said sorsorday... I think the concept of risk needs redefinition in our conversation.
    In addition, Brad, when you posted the dividend history for CMO, in the above post. what was that number? Percent paid out? Those numbers dont appear to be accurate, unless i am misunderstanding your post. Please clarify
    Mar 30 05:49 PM | Likes Like |Link to Comment
  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    Brad, its not a foregone conclusion that CMO has more risk than O... maybe in the past, but since CMO changed its model its definitely the least risky mREIT and probably one of the least risk REIT's in general. In fact at this point in history with its current portfolio... the case could be made that in fact O is a greater risk of capital when weighted against returns.
    Mar 29 09:19 PM | Likes Like |Link to Comment
  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    you are correct sorsorday... prepayment rates are probably the biggest risk to CMO's portfolio. We have outlined this in previous articles. The company does calculate in prepayment rates of between 15 and 20% per quarter, but sometimes as it did a couple quarters ago... they can spike up for various reasons, and that eats into book value and earnings. However the historical norm is that they have made room in their revenue flow to absorb some prepayments. Its the spikes that can hurt them.
    Mar 28 05:46 PM | Likes Like |Link to Comment
  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    mine is the truth. Other opinions are allowed, but if i agreed with them then we would all be wrong :-) Lastly, you should get a pro subscription, cause if you could access the articles you would much more knowledgeable :-)
    Mar 26 08:43 PM | Likes Like |Link to Comment
COMMENTS STATS
432 Comments
280 Likes