thesession

Newcastle's Need for Liquidity Puts the Dividend at Risk

Yes, it seems liquidity would be an issue for any mortgage type REIT. Makes sense they sold assets to raise cash and hopefully they can set aside enough for any type of margin calls or short term funding issues.

More interesting to know... were they "forced sellers" or "opportunistic sellers"?

And then, hopefully they can reinvest some of that into higher yeilding assets. Buying opportunities will be good once markets stabalize a little more.

Financials Offer Patient Bulls Many Opportunities

Don't forget the E in the P/E. These companies have almost no viable/ profitable businesses right now. I think prices need to go down further to reflect the future prospects of not generating nearly as much revenue and profit. I think almost all their businesses are shut down and will likely not come back anytime soon.

Financials Offer Patient Bulls Many Opportunities

I think you Need to focus on the future profits and revenues of the financial companies... which is fairly dead. Where are those going to come from? Who cares if price is down 50%. Earnings likely to be down even more and will be depressed for next several years. I think prices have to go down further to reflect that.

They are experiencing major hits to future earnings from vast majority of their businesses (with the exception of maybe brokerage and advisory business, most others are dead). That will hurt.