Anyone following Capstead (CMO)?? Message Board

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

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To: James F. Hopkins who wrote (155)	12/12/1998 11:21:00 AM
From: MCsweet	Read Replies (2) of 216

I have had a small investment in this dog for a year now. I have been tracking it, waiting for good news that would move the stock price near its book value. I bought a lot at 3 7/8 yesterday. The news appears to be the catalyst I have been looking for --- for all the reasons mentioned earlier on this board. Since CMO is now in a solid financial position (not going belly-up on us), why shouldn't it trade for something near its NAV or at least its cash value? I would surely hope and expect CMO not to test 3-1/2 in the near future, but the market has proved me wrong many times so who knows. MC

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