More on CYS Investments (CYS) Q1 earnings: Net interest spread falls to 1.16% from 1.31% in Q4....


More on CYS Investments (CYS) Q1 earnings: Net interest spread falls to 1.16% from 1.31% in Q4. NAV/share of $12.87 vs. $13.31 on Dec. 31 - company blames lower asset values due to steepening of yield curve following Feb. jobs report; notes curve has subsequently flattened and asset values are recovering. Shares +1% AH to $12, still remain 6.8% below a likely-understated NAV. (PR)

Comments (2)
  • ChrisTesta
    , contributor
    Comments (137) | Send Message
     
    Book value falls, interest income falls, and the company desparately sheds (not recycles) assets, CPR declines 10bps, and shares are up 1% why? Hope this has a nice bounce I can short more into, this is one of the worst managed mREITs out there.
    17 Apr 2013, 04:45 PM Reply Like
  • lakeside2
    , contributor
    Comments (7) | Send Message
     
    I'm not impressed with thier performance.
    I hope all my covered calls get exercised on 4-20-13.
    17 Apr 2013, 09:07 PM Reply Like
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