|Day Low/High||46.76 / 48.92|
|52 Wk Low/High||9.63 / 56.31|
PennyMac Mortgage Investment Trust recently boosted its dividend in a big way as post-lockdown mortgage demand begins to pick up.
I am not sure if anyone remembers my posts quoting my pal real estate maven Mark Hanson pre The Great Decession (in 2006-7)? His concerns were timely. Like Arnold Schwarzenegger, he's bacccck(!): Based on Redfin's tracking of contemporaneous housing...
If you're into put and call buying or shorting, these are three ways playing RDFN on earnings could have unfolded.
I'm willing to take a small, defined risk long side play into earnings.
They're the kind of names, along with a big dollop of cash in my portfolio, I plan to wait out the 'trade wars'.
It's time for Fed Chair Powell to put his regulatory hat on and stop this nonsense with firm enforcement.
* Peak Housing, Peak Autos, a Pivot in Monetary Policy Spell Peak Global GDP and an Economic Slowdown in late 2018 and in 2019 * Watch the Fixed-Income Markets (and the flattening yield curve) That Are Providing the "Tell" that Slower Growth Lies Ah...
Now there's no real crisis here. I think that money's still being spent, it's just being spent a different way.
The housing always has been regional, which makes it dicey to judge where it is headed from any one company.
Zillow's big decline shows investors are finally paying attention to the company's changing business model, overvalued stock price and rising debt levels.