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The most interesting takeaway from PennyMac's (PMT) Q4 earnings call (transcript) is no analysts...

The most interesting takeaway from PennyMac's (PMT) Q4 earnings call (transcript) is no analysts could find the time to participate. The stock of this clearly underfollowed MBS investor - run by Stan Kurland, formerly of Countryside - was up about 50% in 2012, while paying paying a 13% dividend (based on 2012's opening price). (presentation)
Comments (2)
  • There were plenty of analysts who would have asked questions IF PMT WOULD HAVE ALLOWED Q&A. This from the only mortgage REIT that discloses only GAAP only earnings. (Hint: They're totally reliant on unrealized gains.)
    13 Feb 2013, 02:38 PM Reply Like
  • and thoughts on the recent sell off?

     

    I love the stock and have a nice gain.. but the dang thing dropped 3 bucks to hit the 50 MA.
    13 Feb 2013, 03:40 PM Reply Like
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