Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Gundlach: Annaly, Mortgage REIT's Look Cheap, Attractive now
Gundlach's argument seems to me modest enough that it is probably right: the days when moves in the rate curve assured these guys big capital gains are over, but they're not idiots, they too see how interest rates are moving and are skilled enough to prepare for it and maintain a decent dividend.
Comments
Let's hope it rises. Like Mr. Gundlach, Mr. Redleaf of Whitebox sees some opportunities currently in REITs.
In mean time, my condolences:
At least that's how I understand it.