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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 Gillieson Apr 08, 2022 1:41pm
309 Views
Post# 34588523

seems to me a takeover is in the making.

seems to me a takeover is in the making. PMT current SP is well below the value of its stake in RBY, indicating a negative value for the remainder of its assets. And that is while Natgas futures hover around 6.5 USD, which should propel PMT's SP well above 1$, mostly between 1.25 and 1.50 to be conservative. And when you look at the bid vs ask, you ll notice major selling pressure at around 80c. And it's been the case for the last two week or so. Someone is trying to keep a lid on the SP and all l can see is that a take over is coming and the offer will look like a big premium on the current SP. 
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