I do NOT postin order to sway opinion... I post to offer a counter point... so that those good folks that may NOT know or understand the industry they have invested in quite as well as they ought to, an opportunity to understand what questions they should be asking themselves... a successful investor does not follow trend he acts ahead of the curve... runs into the burning building as the herd runs from it... HE doesn't stay IN the building... He wades into the water after someone yells "shark"... knowing full well that it's a swimming pool and there are no sharks...
So... while you may well feel that I am screaming "shark" what I am really doing... is simply trying to provide a 360 degree view (opinion) such that Ma and Pa Kettle... can decide for themselves... Or ask the relative question and find the relevant answers...
I have posted on this board for a few months... and over that period... I have watched the dividend cut ...twice? and more than a dollar shaved from the share price... all the while folks like Shammy... pumping... and pointing at NG prices as the cure...proclaiming the great wait... and go long... stay long... mantra... how's that working out for you???
that being said... and only IMHO I believe at it's current price (or maybe a dime or so lower... BUT within 25 cents of it's current price... ) PMT offers an opportunity for a 20-30% gain over the course of the next 6 months...that would be MY minimum expectation...the risk is minimal and should that type of gain not materialze... I suggest that perhaps one's money would better serve its masters someplace other than PMT...
It's MY opinion git yer own.