Capstead Mortgage misses by $0.01, misses on revenue

Capstead Mortgage (NYSE:CMO): Q2 EPS of $0.35 misses by $0.01.

Revenue of $57.17M (+10.6% Y/Y) misses by $0.93M.

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Comments (2)
  • linkdonald
    , contributor
    Comments (2035) | Send Message
    It appears the stock has dropped to NAV and can be bought. This "miss" is little more that the vagaries of the mortgage market and offers a buying opportunity for a quality yield. Disclosure: Long CMO.
    30 Jul 2014, 04:28 PM Reply Like
  • tstreet
    , contributor
    Comments (1035) | Send Message
    I own CMO in part because it has a history of doing relatively well with higher interest rates, probably because of the fact that it is invested solely in adjustable rate mortgages. It behavior is confusing because its earnings announcement is coincident with the perception of future higher interest because of higher GDP.
    31 Jul 2014, 09:44 AM Reply Like
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