libertasdon

Barron's Looks at Buffett's Buys

I read elsewhere that Buffett's sale of puts on foreign exchanges exceeds the S&P puts and reflects Buffett's belief that, in the future, foreign equities are likely to grow faster than U.S. Does Barrons' article touch on that at all?

Watch Out! Falling Mortgage-Backed Securities Ahead

Here is a quote from a mortgage company that is bucking the trend so far:

Luminent's credit quality is strong. 92% of Luminent's assets are rated A or higher or have been securitized into mortgage-backed securities rated A or higher. 65% of Luminent's assets are first lien, prime quality mortgages. Overall, the average FICO score is 713 and down payments are strong, with an average loan-to-value ratio, net of mortgage insurance, of 72.6%. 25% of Luminent's assets consist of AAA or agency-backed mortgage-backed securities. 9% of Luminent's assets consist of other mortgage-backed securities with an average credit rating of BBB+.

I have a small stake in Luminent and wonder if this isn't the way to go generally with mortgage reits, not only in tight times.

Is Starbucks the Victim of a Coffee Mugging by Oxfam?

Hi,

Let's hear it for Starbucks.

The Long Case for Cavalier Homes

Where is a disclosure? Does Mr. Clarke have a financial interest in Cavalier?