I may have to be back in Capstead Mortgage
October 29, 2009
As some of you may recall, I suggested getting out of Capstead Mortgage (CMO) on the grounds that its fat dividend (currently 17%) couldn’t last forever and that, at a price of $14.60 and a book value per share of $11.50, the price represented well over a year of excess dividends, and the Federal Reserve […]
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