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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

Post by yitearpon Jan 11, 2012 6:54pm
430 Views
Post# 19393854

down 72% in one year

down 72% in one year

This has to be the biggest POS traded on the TSX.  Yet another 52 week low and down 72% in one year (I just threw up when I typed that).  How does Sue Riddell get up every morning and go to work knowing she's destroyed shareholder value like it's nobody's business- you'd hope she'd feel some shame but I doubt it.  Isn't there any sense of accountability in this company, if I performed as lousily as she's done at my job I would have been fired a long time ago.  How about the CEO come out with a statement to reassure shareholders/investors that they're turning things around, that there's hope, that they're selling assets, something, anything.  No instead we get nothing, just the continuous pounding of the SP into oblivion.  Sue Riddell may be the CEO, but she's no leader.  There is some good news though, once the SP reaches the 30 cent level, I'll be able to average down something fierce. 

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