mobilepreacher's Comments mobilepreacher's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/1546291/comments Agency MBS fail to bounce from the "massive liquidation" following Bernanke's testimony yesterday, according to CIBC's Tom Tucci. Suggestions of a tapering of Fed purchases sent Fannie Mae MBS with 3% coupons to their lowest levels of the year. "Right now it seems the only source of demand is the Fed," says BAML's Brad Scott. Unsurprisingly, pure agency mREITs like AGNC and ARR hit 52-week lows today. Annaly (NLY) - now diversified into the commercial space with the CXS purchase - outperforms. http://seekingalpha.com/currents/post/1044131?source=feed#comment-19197041 19197041 Fri, 24 May 2013 05:53:33 -0400 Agency MBS fail to bounce from the "massive liquidation" following Bernanke's testimony yesterday, according to CIBC's Tom Tucci. Suggestions of a tapering of Fed purchases sent Fannie Mae MBS with 3% coupons to their lowest levels of the year. "Right now it seems the only source of demand is the Fed," says BAML's Brad Scott. Unsurprisingly, pure agency mREITs like AGNC and ARR hit 52-week lows today. Annaly (NLY) - now diversified into the commercial space with the CXS purchase - outperforms. http://seekingalpha.com/currents/post/1044131?source=feed#comment-19175961 19175961 Thu, 23 May 2013 15:18:38 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-19158381 19158381 Thu, 23 May 2013 09:26:05 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-19003351 19003351 Sun, 19 May 2013 16:00:47 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-19003291 19003291 Sun, 19 May 2013 15:58:29 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-18975971 18975971 Sat, 18 May 2013 08:00:01 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-18975941 18975941 Sat, 18 May 2013 07:57:43 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-18937131 18937131 Fri, 17 May 2013 08:45:16 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-18804281 18804281 Tue, 14 May 2013 09:16:30 -0400 mREITs During Q1: More Bad News, But A Few Winners Emerge http://seekingalpha.com/article/1430571/comments?source=feed#comment-18800021 18800021 Tue, 14 May 2013 06:56:27 -0400 Don't Get Suckered By This Popular High-Yield Investment http://seekingalpha.com/article/1377841/comments?source=feed#comment-18349031 18349031 Thu, 02 May 2013 08:51:11 -0400 Don't Get Suckered By This Popular High-Yield Investment http://seekingalpha.com/article/1377841/comments?source=feed#comment-18315691 18315691 Wed, 01 May 2013 11:37:23 -0400 More on Capstead Mortgage (CMO) Q1 earnings: Interest margin gained 2 bps on the quarter to 1.15%. CPR of 19.65% vs. 19.60% in Q4. Company repurchased 638K shares at average price of $11.43 (84% of book value at time of purchase - well done). $58M of original $100M authorization remains. Book value/share of $13.60, up $0.02 from Q4. Portfolio size remained steady during quarter. Conference call at 9 ET. Shares fell 0.8% AH. No trades yet in the premarket. (PR) http://seekingalpha.com/currents/post/967641?source=feed#comment-18068911 18068911 Thu, 25 Apr 2013 07:20:31 -0400 Earnings Show 11.87% Dividend Payer Capstead Mortgage Co. Is A Thriving Enterprise http://seekingalpha.com/article/958561/comments?source=feed#comment-11036721 11036721 Tue, 30 Oct 2012 08:31:55 -0400 Earnings Show 11.87% Dividend Payer Capstead Mortgage Co. Is A Thriving Enterprise http://seekingalpha.com/article/958561/comments?source=feed#comment-11001811 11001811 Mon, 29 Oct 2012 08:12:06 -0400 Capstead Mortgage (CMO -2.1%) is downgraded to Hold from Buy at Maxim Group. Liquidation of the shares continues despite Wednesday's reasonable earnings report. Management made clear its distaste for share buybacks even this far (12.6%) below book value, but the market may force its hand to at least set a floor on the price. http://seekingalpha.com/currents/post/616691?source=feed#comment-10934271 10934271 Fri, 26 Oct 2012 11:40:21 -0400 Capstead Mortgage (CMO -1.3%) can't hold onto last night's post-earnings bounce as management (earnings call) pours cold water on ideas of a buyback. Calling it a short-term perspective, CEO Andrew Jacobs has faith there are more profitable ways for the firm to deploy capital. http://seekingalpha.com/currents/post/612351?source=feed#comment-10886721 10886721 Thu, 25 Oct 2012 10:35:56 -0400 Capstead Mortgage: A Hot Pick For Aggressive Investors http://seekingalpha.com/article/888211/comments?source=feed#comment-10880541 10880541 Thu, 25 Oct 2012 08:27:46 -0400 Mortgage REITs continue to get repriced for lower yields going forward with earnings reports from JPMorgan and Wells Fargo not bringing good news. Both banks reported sliding net interest margins and booming mortgage business (some, if not most of which is refinancing) - an ugly combination for leveraged owners of MBS. http://seekingalpha.com/currents/post/584481?source=feed#comment-10475151 10475151 Fri, 12 Oct 2012 15:06:31 -0400 "Our goose is cooked," writes a mortgage trader, imagining a conversation at the trading desk of a pure GSE mREIT like Annaly (NLY). With MBS prices bid to all-time highs (thank you Fed) and refinances on the way up, mREITs face an ugly combination of lower yields and higher prepays. One solution: Unload their MBS at these high prices - tell the staff to take a long vacation - and wait for Bernanke to exit. http://seekingalpha.com/currents/post/579791?source=feed#comment-10415291 10415291 Thu, 11 Oct 2012 08:28:59 -0400 "Our goose is cooked," writes a mortgage trader, imagining a conversation at the trading desk of a pure GSE mREIT like Annaly (NLY). With MBS prices bid to all-time highs (thank you Fed) and refinances on the way up, mREITs face an ugly combination of lower yields and higher prepays. One solution: Unload their MBS at these high prices - tell the staff to take a long vacation - and wait for Bernanke to exit. http://seekingalpha.com/currents/post/579791?source=feed#comment-10393851 10393851 Wed, 10 Oct 2012 16:20:37 -0400 A happy ending looks to be in store for Capstead Mortgage (CMO) investors today, as the stock moves into positive territory after earlier tumbling 7.5% in minutes for no apparent reason. http://seekingalpha.com/currents/post/567401?source=feed#comment-10153961 10153961 Thu, 04 Oct 2012 08:29:45 -0400 Capstead Mortgage: A Hot Pick For Aggressive Investors http://seekingalpha.com/article/888211/comments?source=feed#comment-10108701 10108701 Wed, 03 Oct 2012 08:27:22 -0400 Capstead Mortgage: A Hot Pick For Aggressive Investors http://seekingalpha.com/article/888211/comments?source=feed#comment-10108661 10108661 Wed, 03 Oct 2012 08:26:21 -0400 A happy ending looks to be in store for Capstead Mortgage (CMO) investors today, as the stock moves into positive territory after earlier tumbling 7.5% in minutes for no apparent reason. http://seekingalpha.com/currents/post/567401?source=feed#comment-10098531 10098531 Tue, 02 Oct 2012 20:22:22 -0400 Capstead Mortgage: A Hot Pick For Aggressive Investors http://seekingalpha.com/article/888211/comments?source=feed#comment-9859271 9859271 Tue, 25 Sep 2012 18:15:47 -0400 Capstead Mortgage (CMO) declares $0.36/share quarterly dividend. For shareholders of record Sep 28. Payable Oct 19. Ex-div date Sep 26. Shares -2.1% premarket. (PR) http://seekingalpha.com/currents/post/531941?source=feed#comment-9309981 9309981 Tue, 11 Sep 2012 08:37:41 -0400 4 Mortgage REITs With High Yields And Minimal Credit Risk http://seekingalpha.com/article/843481/comments?source=feed#comment-9081701 9081701 Tue, 04 Sep 2012 14:24:49 -0400 Last week's big decline in mortgage applications was all about refinancing as the hiccup in interest rates slowed business. The overall decline of 7.9% was led by a 9% drop in the refi index, which fell to its lowest level since early July. Strangely, the mortgage REITs are lit up bright red today. Aren't prepayments a key leg of the bear case against them? http://seekingalpha.com/currents/post/501211?source=feed#comment-8652651 8652651 Wed, 22 Aug 2012 11:11:55 -0400 Capstead Mortgage (CMO) stands apart from the rest of the mortgage REIT crowd; its holdings are almost all ARMs as opposed to fixed-rate paper. This allows the company to quickly recapture diminished interest rate spreads in times of rising rates. The stock trades at about 6% more than book value - does the defensive position warrant such? Does it deserve an even greater premium? http://seekingalpha.com/currents/post/498881?source=feed#comment-8617761 8617761 Tue, 21 Aug 2012 12:42:21 -0400