Javelin lower after downgrade at Citi

|About: Javelin Mortgage Investment (JMI)|By:, SA News Editor

Javelin Mortgage (JMI) is lower by 0.7% premarket after Citigroup.s Donald Fandetti cuts to Sell, noting higher interest creates will be a headwind for the company. Why pick on Javelin? The stock trades at a premium to book value, says Fandetti, vs. most of its peers selling for discounts.