CHMI - Cherry Hill: Cyclical Play Clouded By Strategic Review
2024-06-25 08:58:46 ET
Summary
- Cherry Hill Mortgage Investment Corporation trades at over 15% yield and a discount to book value.
- Mostly invested in Agency issues, their leveraged portfolio would see gains, allowing for a potential cyclical play.
- While CHMI waits for the Fed to begin cuts, a Special Committee is currently reviewing the investment strategy, and it is unknown how this may change the course.
Cherry Hill Mortgage Investment Corporation ( CHMI ) currently trades at a yield of over 15%. As always, such income is enticing and worth further inspection, to confirm that it can reliably be paid to investors for the long term....
Cherry Hill: Cyclical Play Clouded By Strategic Review