I could be totally wrong, but the two on that list which IMHO have the least chance of stepping in multiple potholes are WM and BMY (I own neither). Just my gut.
I hate to be a yield pig, but I am getting interested again in CMO, with a yield of over 30%!! I sold a while back at about $25, it has retreated to below $19 (granted with some big haircuts on ex dates). I don't foresee vast, rapid fire increases in rates that would absolutely decimate earnings, the dividend, and the stock. Nor do I think that the dividend will hold at these levels. In this environment, were the dividend to be even cut in half, that's still a good yield, and still above what the stock has historically yielded. Book value is about $14.50, and current management has it a lot more together than the past regime IMO.
Any owners or those familiar with the situation, comments appreciated. |
