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Capstead Mortgage Corporation (CMO)

NYSE - Nasdaq Real-time price. Currency in USD
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6.50+0.16 (+2.52%)
At close: 03:00PM EST
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  • v
    vinesandivy
    $NOVC conversation
    Jeff Eberwein CEO/COB of Hudson Global Inc. $HSON is buying shares hand over fist see Form 4s AND $HSON is buying back stock Treasury Stock on Balance Sheet. WHY Jeff Eberwein was ex CEO/COB of Novation Companies Inc $NOVC accumulating 3.2M NOVC common, 25k shares daily from April to Oct 2015 see Form 4s and giving himself and his co investors over 12M RSUs valuing $NOVC at pennies. Jeff Eberwein is Wharton MBA, ex Portfolio Manager at both George Soros Investments and Viking Global Mgt he is 1st class Financial Engineer and could be buying $HSON & $NOVC with the expectations NOVC will split into 2 tax free companies 1. MREIT with Fortress/EJF Capital will take lucrative management fees along with $100Ms in dividends/Mgt Fees and 2nd. Merge $HSON with NOVC www.healthcare-staffing.com that holds $730M NOLs. Fortress and EJF Capital hold CDOs Taberna and Kodiak that hold $NOVC only Sr Debt and the CDOs own 31.3M NOVC common 125M with Mass Mutual and Barings 19.3M and Barry Igdaloff (made rich by Fortress' help in restructuring Dynex Capital NYSE $DX via Fortress ownership of $CMO now $FBRT that owned $DX) cabal own at least 70M with small group of private investors. These investors stand to turn nothing in $NOVC market cap into two tax free companies worth over $4-5BILLION and cash flow over $200M in dividends just like Fortress cashed $170M management fee from $NRZ in 2019 alone per $NRZ 10K for 2020.
    HealthCare Staffing
    www.healthcare-staffing.com
  • S
    STEPHEN
    I hope today was just a funny imbalance of sell to buys.
    I am banking of Fbrt book value of 18.17. WIth the cash payments the total will be 6.90 for cmo stock. Will FBrt sell at book value ? Above book value or below book value? We will see tuesday.
  • W
    William
    This seems out of place. The merger. Agency hybrid arms, the safest portfolio of agency and seasoned, being sold to a commercial mortgage loan fund…. Makes zero sense.
  • S
    STEPHEN
    Buy on opening? Oh A nice arbitrage opportunity on the dip this morning? We will still get the 99 cent premium payment and book value still at 6.20.
  • v
    vinesandivy
    $NOVC conversation
    5. We know for a fact Dynex Capital NYSE $DX investors Barry Igdaloff, Howard Amster (Todd Emoff, Thomas Akin) and Manny Friedman/Neal Wilson co CEOs of EJF Capital www.ejfcap.com and Wesley Edens, Peter Briger co CEOs of Fortress www.fortress.com wholly owned subsidiary of Softbank $SFTBY Masa Son, CEO and ex Fortress executive Rajeev Misra now CEO of www.visionfund.com (Michael Huang, Quant at Fortress and NRZ) are WORLD CLASS MREIT investors aka experts in NOVC CCR cleanup call rights per SRTA Section 5.04 see NOVC 2007 Q3 10Q. NOVC and CPA firm Boulay Group by focusing in on Fair Market Value (page 25 of 10K) of CCR create FUD mislead from disclosing the future plans of rich, seasoned collateral assets to most $3B RMBS, Non-QM aka subprime portfolio. Current Value of CCR mean NOTHING it is the future plans to use Collateral Assets (per Section 5.04 if Service Rights Transfer Agreement see back of Q3 2007 10Q) that can be leveraged/resecuritized at NIMs net interest margins of 500 Bpts. $3Billion times x same leverage as $DX, $NRZ $45Billion times x NIM 5% = $2.3Billion. This creates a 3.30 to 5.50/share annual dividend estimate.
    5.a. This can be finance by shelf offering already approved by shareholders for Preferred Stock P/S Series F defined in $NOVC Oct 2018 Proxy 14A page 12 (prices one NOVC common right to dividend/vote at Mass Mutual cost basis $2.33/one common). These investors restructured Dynex Capital $DX together, Fortress further restructured $NCT into $DS after spinning off $NRZ, $SNR and NEWM now $GCI, they restructured public companies with the same attributes to $NOVC including $OCN Servicer of NOVC $3B RMBS Portfolio, One Main $OMF, Mr. Cooper $COOP which merged $3.8B with Fortress 70% owned Nationstar, Impac Mortgage Holdings $IMH, Capstead Mortgage $CMO used by Fortress to camouflaged Fortress ownership of Dynex Capital $DX which Wesley Edens, COB restructured 2000-03 with Barry Igdaloff (Chairman of $NOVC and served on DX Board for 20 years) and his crew, on and on.
    EJF Capital LLC - EJF Capital LLC
    www.ejfcap.com
  • P
    Perun2029
    Have they announced an ex-dividend date to qualify for the 99 cent payout?
  • M
    Matthew
    high percentage of institutional ownership, decent dividend, reasonable mgmt, rebounding sector.....what's not to like here
  • L
    Louis
    One quick question, so when CMO's publicly traded shares go to a private equity holder, Benefit Street Partners Realty Trust, how can I get my money out of the Benefit Street Partners Realty Trust? I really don't care about the 20% payout in cash if they are going to steal the remaining equity from me!
  • M
    Mark
    "Based on the June 30 adjusted book values per share,1 the implied cash payment would be $0.99 per share and the total value would be $7.30 per share, representing an implied 20% premium to the last reported sale price of Capstead common stock on the New York Stock Exchange ("NYSE") on July 23, 2021."

    If I am reading this correctly, then the stock price should increase to $6.31. It is already at $6.57.
  • P
    Perun2029
    New to investing. Can someone explain to me the buy out? You’ll get 99 cents per share you own when the merger goes through? And then your shares (whether it’s 1:1, reverse split, etc) will convert to the new ticker?
  • C
    Coop
    I’ve held this stock since 2013, was attracted to the yield and seemed somewhat stable at the time, tried to dollar cost average when I could, but feels,like my ROI keeps decreasing. Keep DCA or...?
  • B
    Bob L.
    This is just like AGNC.....why is it down so much, and AGNC it up??/ Both have obligations guaranteed by the govt agencies.
  • J
    Jason
    Thoughts on how CMO compares versus other REITs?
  • S
    Steve
    FOLKS ARE MOVING OUT OF CALIF/NEW YORK/CHICAGO/WASH STATE/OREGON......HIGH TAXES, AND
    NUTTY JERKS FOR MAYORS, AND GOVERNORS ALONG WITH CRIME & HIGH TAXES! MORTAGE BUSINESS ALONG WITH LOW RATES WILL BE VERY GOOD FOR AWHILE ON RE-FI, AND NEW HOME LOANS. I AM BUYING 600 SHARES TODAY IN AN IRA AS A STARTING POSITION. IN 1 YEAR IT MIGHT BE $7 PAYING $0.20 CENTS DIVVIE.
  • c
    chris
    Does anyone have any suggestions for monthly dividend payers.
  • T
    Timothy
    Under normal circumstances this preferred stock trades between $23 and $25. When it trades below that range the overall market usually sucks and when it trades above $25 market participants are usually desperately looking for yield.
  • f
    fragateep
    2 months since the last reply by STEVE so now CMO is 5.6 so now what?
  • r
    rrauen2
    How often does CMO revise their Book Value?
  • B
    Bus
    Not sure why CMO is not trading above $7 right now.
  • S
    STEPHEN
    Pleasant Move today. Wasnt expecting that given the weeks performance and yesterdays bad earnings. But I guess they confirmed the book value of the company solidifying the buyout price.