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Two Harbors (TWO) announces a secondary offering of 35M shares. The company is the latest in a...

Two 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)
Comments (2)
  • TopHill4
    , contributor
    Comments (29) | Send Message
     
    IVR will probably be the next MReit to sell equity.
    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.
    12 Jul 2012, 06:43 PM Reply Like
  • kadathy
    , contributor
    Comments (93) | Send Message
     
    MAY BE GOOD LONG TERM AS THEY CAN BUY UP UNDER VALUED PROPERTIES, IF THEY SO CHOOSE.
    12 Jul 2012, 08:08 PM Reply Like
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