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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 SandHeadson Jul 08, 2016 12:58pm
248 Views
Post# 25035832

RE:RE:PMT and POU

RE:RE:PMT and POU
Don't kid yourself into believing oil and gas companies are on the mend. I suspect most oil and gas companies will all report more losses in Q2. Prices are trending lower again as oil from the oil sands gets back onto the market and drilling picks up in the USA with these SuperStar rigs they use now. One superstar rig today does the work of 4 old ones. I think we have discovered enough nat gas to last us another 50 years. I cannot see prices rising in the short term. I see no pipeline approvals to the West Coast in the short term either. it's a industry to stay away from imho. I screened these stocks and  VII has a PE of 224 to 1. POU TET PMT have no earnings at all from their Q1 reports. They report next month and i see the same pattern continueing. All imho.
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