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4 Comments

    • REITs: Still Some Bargains Out There [view article]
      All negative RAS opinions turned to fodder by Q1 report today. See biz.yahoo.com/bw/08050... May 05 10:30 PM
    • 'SuperREIT' CapitalSource Swoops Up Fremont's Branches [view article]
      On the contrary, "managing a bank" isn't a laibility in this environment; it's a huge asset, if for no other reason than it gives them direct access to Fed funds, if needed. Go ask Thornburg if they wish they'd been a bank when they got a big margin call.

      Having "bank" status in a time when any large third-party borrower can be brought down by nervous lenders reduces liquidity risk, real and imagined, significantly.       Apr 17 01:54 PM
    • 8 Stocks to Benefit from the Coming Uptrend in Housing [view article]
      More reaction here from the media CW than from reasearch.

      Notwithstanding the carefully selected media horror stories and cherrypicked "worst" data, a review of national statistics will show that in the last forty years no housing downturn has lasted longer than 3-4 years, maximum. Also, despite contrary claims, the current national foreclosure data is not yet appreciably different from other far less publicized corrections.

      By 2009, we'll be climbing out of this housing slump, and the market will anticipate that even sooner. With all the money that the Fed has flooded into the banks, we'll see them all fighting to make loans, again, as contrary to popular wisdom as that seems. No, there won't be any no-docs 125% loans, but, business will be brisk.

      Apr 15 05:47 PM
    • Mortgage Lenders Toast Wall Street with Kool Aid [view article]
      IMB is now the largest independent mortgage lender in the nation, assuming CFC acquisition closes, as expected. When the housing market makes a turn they will have a landscape devoid of many previous competitors. The only real debate is when that turn takes place.

      With interest rates falling and spreads increasing, the outlook for IMB looks favorable. Selling at only 20% of its 52-week high and 15% of its all-time high, it looks alike a bargain, in my own estimation. My guess is that in the coming months its share price will outperform many financial issues, and that's even before one considers its likely candidacy as an acquisition target.       Feb 27 11:43 AM
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