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On its earnings call, Capstead Mortgage (CMO -2.8%) discloses it's purchased another $7M in...

On its earnings call, Capstead Mortgage (CMO -2.8%) discloses it's purchased another $7M in stock since the start of the year, bringing total buys to $42M since November (market cap is $1.2B). Notably a holder of ARMs, management says the curve-steepening since the start of the year has been good for Capstead, but maybe not so much for owners of fixed-rate mortgages. (earnings, last night)
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