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Newcastle Investment (NCT +2.9%) regains all and more of its big decline following last...

Newcastle Investment (NCT +2.9%) regains all and more of its big decline following last Wednesday's secondary offering. The company is the latest in a series (I, II, III, to name a few) of mortgage REITs issuing shares at prices well above book value. The firms take these proceeds and invest them in higher-yielding assets - the result being increased book value.
Comments (1)
  • I hoped and expected this would happen.

     

    +5.56% now.
    30 Jul 2012, 03:26 PM Reply Like
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