Washing My Hands Of Lenders/REITs

check out RWT, no sub-prime exposure at all (at least according to them!)

RWT got battered with the sector and is on Cramers list...but an article in todays WSJ (page B7) mentions RWT as a standout from the rest of the pack.
http://online.wsj.com/article/SB117...EYWORDS=redwood+trust&COLLECTION=wsjie/6month

i've been in RWT for about 6 years...divedends continue to increase each year (just raised it again a few weeks ago) and in addition to quaterly divs they often pay out a special dividend at the end of the year.

i will hold RWT through all this mess....i've had it so long that my yield is still over 10% even wioth the recent sell off.
 
Cal,

unbelievable call at the short term top. Much Kudos. I've ridden some lenders down over the last few months and watched as more and more people jumped on the wagon. Too much bearish sentiment means the party was soon to end.

I do however believe that with all the insider sells and subprime mess, CFC has seen its better days.

11Blade
 
You must log in or register to reply here.
Back
Top