Thornburg Mortgage (TMA) Message Board

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Strategies & Market Trends : Thornburg Mortgage (TMA)

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To: Labrador who wrote (2)	1/17/1998 3:11:00 PM
From: leigh aulper	Read Replies (2) of 51

Thanks, however Sutro upgraded them yesterday to accumulate from a hold. NEW YORK -(Dow Jones)- Sutro & Co. upgraded its rating on Thornburg Mortgage Asset Corp. to "accumulate" from "hold." The firm cited continued long-term growth potential, despite a risk of lower returns in the short term stemming from a flat yield curve and an unusually negative relationship between Treasury and LIBOR rates. In light of the short-term issues, however, Sutro cut both its earnings and dividend estimates for Thornburg (TMA) in 1998 to $1.80 a share from $2.05 a share and $2 a share, respectively. Copyright (c) 1998 Dow Jones & Company, Inc.

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