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Redwood Trust (RWT): Q3 EPS of $0.20 beats by $0.05. (PR)

Redwood Trust (RWT): Q3 EPS of $0.20 beats by $0.05. (PR)
Comments (1)
  • RWT, [Redwood trust] is kind of an enigma for me. Quite some time ago, I was a stock broker with Pru-Bache, before it went to Prudential, and someone put me onto RWT as a nice dividend payer, and perhaps some appreciation. I remember riding it for a while made a nice profit, learned about trailing stops, picked up a few dividends for my clients and myself, then the bottom fell out, stops were hit, and I never revisited it. At the same time SEIC was doing well, and I also rode that one up then stop were hit, and my time machine told me to seek greener pastures, so I have never been back there either.
    Now RWT surfaces like an old friend, much 'beaten down' in price for whatever reason, but here is a old line stock which makes money. Has a decent yield of 6.41 as of close of business today, and a good outlook. Must be good, it is up .16 as of this writing. They 'beat the street' by .05% huh? Well, that may be enough for some more bounce in the AM, I am gonna watch for it, and I am not opposed to a puny 6% especially if some growth can be thrown in, and I bet it can. But, for now, it may take off without me, as I am still skittish as the election approaches and the dragons it may drag with it.

     

    Anyway, I would put this one high on my watch list if I were you. I sure am puttin' it back in.

     

    Capt. Brian
    The Lost Navigator
    1 Nov 2012, 11:06 PM Reply Like
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