PennyMac Mortgage Investment Trust T.PMT

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

Real Estate

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

PennyMac Mortgage Investment Trust

Bullboard Posts

Post by oldrancheron Apr 17, 2015 12:56am

92 Views

Post# 23639331

Schlumberger adjusts:

I appreciate other people's points of view;
it is better to get pro and con opinions,
than to only look at things with rose-coloured glasses.

Well, Shammy, if you are planning to buy down to a buck, then maybe PMT is headed lower.

I am oil&gas bullish for the long-term view, but sure bearish for the short-term.
(the value of my kennel of oil and gas dogs contributes to that opinion).

Here are two interesting articles in case you missed them:

https://www.bloomberg.com/news/articles/2015-04-16/schlumberger-profit-falls-to-4-year-low-as-oil-spending-slows

https://www.cbc.ca/news/business/oil-prices-a-bear-and-a-bull-on-the-rally-1.3036034

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