Two Harbors (TWO) had a rough first quarter. Share prices plunged dramatically. Book value declined substantially. Dividends were paused. The bears were having a party. That party just got destroyed.
We're going to start talking about TWO, but these lessons apply to the whole sector.
Bears are in for punishment:
Last night (4/6/2020), Two Harbors issued another press release:
That's a big deal. Two Harbors has done a great job of providing updates to investors over