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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 mmoschukon Oct 04, 2013 12:34am
213 Views
Post# 21790109

RE:Nat Gas storage continues to increase at alarming rate

RE:Nat Gas storage continues to increase at alarming rateYou are very correct, but this is not new to you, I told you this years ago, we are swimming in natural gas.  It is going to take more then weather patterns to move the price of nat gas significantly and make it stay. 
You say "there must be a ton of nat gas sitting and waiting for higher prices" Dah!
I don't expect to see any real movement in nat gas until another 5 years. From the complete crash in 2008 for Perpetual it is right in line with my 10 year projection.  In 5 years time LNG should be getting shipped to overseas, so buying Perpetual now for 2018 - 2020 should be a pretty good bet hoping they can weather the storm in the meantime. 
And I am not sure what you mean by making a dime this quarter, PMT has not made any money in the past few years.  Return on investment in the past 5 years is disgusting!
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