- We picked up another new position in the common shares when the market went into a panic.
- A significant portion of the pain in the sector is warranted. April has been dreadful for several mortgage REITs, but there are plenty of gems in the rough.
- Q1 2022 was garbage also, so some prices needed to fall more than 30% year-to-date and a few still have further to go.
- The wonderful thing is that the falling share prices haven’t reflected the underlying damage. Investors are in for some surprises.
- When the market simply dumps a sector, there’s a great opportunity to hunt for the gems while avoiding the trash.
For further details see:
13% Dividend Yield And 25% Discount To NAV, Buy It