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PennyMac Mortgage Investment Trust T.PMT


Primary Symbol: PMT Alternate Symbol(s):  PMT.PR.A | PMT.PR.B | PMT.PR.C | PMTU

PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.


NYSE:PMT - Post by User

Comment by MetalsKingon Oct 16, 2010 11:05am
163 Views
Post# 17572897

RE: RE: RE: RE: RE: NG and PMT

RE: RE: RE: RE: RE: NG and PMTPMT is basing as are many if not most NAT gas companies - just look at the FCG Nat gas stock index and it's actually been in a nice rally for 2 months and most of the companies have small or no dividends. So you need to understand that the stocks themselves will likely bottom before nat gas and "lead" the way higher as they now appear to be doing. FCG bottomed in late August at 14.39 and closed Friday at 17.17 (up 19%), Nat gas in that time frame topped near 4.12 and closed Friday at 3.53. One more thing, IMO a dividend cut has likely already been priced into the stock, and a cut would have little material effect on the price of the stock. My 2 cents

MK
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