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Two Harbors (TWO) announces a secondary offering of 35M shares. The company is the latest in a...
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Thursday, July 12, 2012, 4:56 PM ETTwo Harbors (TWO) announces a secondary offering of 35M shares. The company is the latest in a line of mortgage REITs taking advantage of a share price trading nicely above book value. Two Harbors latest reported book value (March 31) was $9.67 - today's close, $10.72. Shares -1.5% AH. (PR)
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This news story has 2 comments:
Most of these MReits and BD's have shares trading well above book value.
ARR and PSEC have already been hit.
It hurts but may be good long term.