Joseph P. Porter's  Instablog

Joseph P. Porter
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I am a retired college faculty in Philosophy, with specializations in Ethics, Socio-political Theory and Rational Choice/Decision Theory. My teaching focus was on Business Ethics, Medical Ethics and Logic. After retirement I freelanced as a Grant Writer/Fund Raising Consultant. I have taught at... More
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Joseph P. Porter's Instablog
  • Did You Know That: 0 comments
    Oct 7, 2012 3:01 PM

    There are only two mREITs that have a current ratio of 1 or better? This means there are only two mREITs that are able to meet their short-term obligations with their short-term assets.

    The companies are: PennyMac Mortgage Investment Trust (NYSE:PMT) and CreXus Investment Corporation (NYSE:CXS).

    Only one of these companies offers a double-digit dividend yield: CreXus (11.62%). PennyMac pays 8.99%.

    Disclosure: I am long CXS.

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