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johnbbbb

johnbbbb
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  • Two Harbors: Is It Time To Abandon Ship? [View article]
    It all depends upon what your cost basis per share is, vs. the current share price. I am still ahead. Then figure in your dividends acumulated and how that figures into your overall return. That is even better. If the dividend drops a little, and the share price has dropped a little from it's high....so what!
    Feb 5, 2015. 11:58 AM | Likes Like |Link to Comment
  • Wells Fargo pulls the plug on mortgage REITs [View news story]
    Wells Fargo analysts should stick to advocating their own price of auto loans to consumers, and not be playing in the big boys market.
    Jan 12, 2015. 12:56 PM | 1 Like Like |Link to Comment
  • Armour Residential REIT: A 15% Yield With Outsized Risk [View article]
    Rates are still low and some volitivity is to be expected in reits. Love those high dividends. Long ARR, TWO, MTGE, HTS, NCT.
    Sep 24, 2014. 06:36 PM | Likes Like |Link to Comment
  • Annaly slices dividend by 12.5% [View news story]
    If they raised their dividend, the lemmings in the market woud have bought and helped raise the price. Reducing the dividend, sends the wrong message. Maybe too many liberals on the board of directors.
    Sep 19, 2013. 04:30 PM | 5 Likes Like |Link to Comment
  • Mortgage REITs lead the no taper party [View news story]
    Yes, Yes, Yes! Oh what a relief it is!
    Sep 18, 2013. 02:47 PM | 1 Like Like |Link to Comment
  • Rate worries again rout income favorites [View news story]
    These reits are way oversold. Panic selling by the weak. These will turn around in the fall.
    Aug 19, 2013. 03:50 PM | 2 Likes Like |Link to Comment
  • More on the Citi mREIT note (previous): The team is more constructive on the credit-sensitive players, reiterating a Buy on PennyMac (PMT) and believing commercial mortgage REITs like Starwood (STWD) and Blackstone Mortgage (BXMT) have been treated too harshly. Hybrids (IVR, TWO, MFA, DX, WMC, JMI come to mind) are likely to find the negative impact of their agency holdings offsetting any benefit from their nonagency paper. [View news story]
    I believe you are right. This negative talk is just what it seams to be. This is an effort to reduce the expectations, lower the market now,
    and then in Sept....continue with QE, but from a lower market point than early summer.
    Jul 9, 2013. 01:40 PM | Likes Like |Link to Comment
  • Wunderlich wants to be constructive on mREITs (REM -3.7%), (MORT -3.6%) as a strategy of buying the sector at a discount to book while the yield curve slopes upward has proven a winning one in the past. The Fed, however, has so distorted the MBS market that a bottom in mortgage prices (currently crunching mREIT book values) can't be figured out. Wunderlich's best guess is they're headed lower, along with mREIT stock prices. AG Mortgage (MITT -7.9%), Two Harbors (TWO -4.9%), MFA Financial (MFA -2.8%), Anworth (ANH -3.4%), Capstead (CMO -2.8%). [View news story]
    Damn....I knew I should have "sold in May and gone away" Have to hold now for some sanity to prevail.
    Jun 24, 2013. 12:48 PM | 1 Like Like |Link to Comment
  • Annaly Capital Makes Shrewd Move To Boost Future Interest Income [View article]
    Even if dividends are reduced somewhat....so what! If you bought a couple of years ago, you are still ahead, (to the positive) on average cost per share. The dividend payments are still better than most other investments; and, interest rates are still low, and will be so during 2013.
    May 6, 2013. 12:14 PM | 2 Likes Like |Link to Comment
  • Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. [View news story]
    And RINO's also.
    Apr 19, 2013. 12:27 PM | 1 Like Like |Link to Comment
  • Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. [View news story]
    Never, never trust public statements that come from the mouths of Democrats concerning money.
    Apr 19, 2013. 12:26 PM | 4 Likes Like |Link to Comment
  • The Uncertainty In Annaly Could Now Be Faced By Non-Agency REITs [View article]
    Perhaps that's the whole idea from this administration, under the cover of trying to "help".
    Dec 27, 2012. 08:18 AM | 2 Likes Like |Link to Comment
  • Is Armour Residential's 15.4% Dividend Yield Sustainable? [View article]
    As these REITS are in my tax-deferred vehicle, IRA.....I am not concerned about the dividend tax rate so much. Drops in share price are an incentive to buy more.
    Dec 5, 2012. 11:00 AM | 1 Like Like |Link to Comment
  • Annaly Capital (NLY) President Kevin Keyes doubles his stake in the company, picking up 100K shares today at a price of $13.90. It's the third insider purchase (I, II) in a week, but this one is the largest by a wide margin. Shares +1% AH. [View news story]
    Thanks Mr. Keyes for having your own money on the table today at very near market. 100k shares is alot of faith (as a double). You have helped every investor today.
    Nov 15, 2012. 05:30 PM | 5 Likes Like |Link to Comment
  • Prospect Capital (PSEC) -7.7% premarket after announcing a secondary offering of 35M shares as it seeks to repay debt or invest in short-term debt instruments. The price is not disclosed. PSEC recently had ~174.5M shares outstanding. [View news story]
    Right. give it a couple of weeks to settle and it will be another good buying opportunity.
    Nov 2, 2012. 10:13 AM | Likes Like |Link to Comment
COMMENTS STATS
27 Comments
36 Likes