Anyone following Capstead (CMO)?? Message Board

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Strategies & Market Trends : Anyone following Capstead (CMO)??

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To: Hoatzin who wrote (140)	12/11/1998 9:57:00 AM
From: James F. Hopkins	Read Replies (2) of 216

Keven; By year-end, the Company's mortgage investments will consist almost exclusively of approximately $2.2 billion of Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities just keep in mind the cash she is getting, with what she has on hand compared to her market cap is unheard of, never in my life have I seen a stock sell for 1/3 of her $cash. Some one will likely try to snap the rest up just to get at her cash, that never fails. At $3 they are like giving you $6 to buy her. But it almost sounds to good to be true and you know what they say, "if it sounds to good to be true then it likely isn't ," so darn if I know, but I'm buying more anyway. <G> Jim

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