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To: polarisnh who wrote (2217)12/4/1999 9:54:00 AM
From: Diogeron  Respond to of 2346
 
I think you are correct. I'm holding on to CCR and may buy more. Also, I would argue that Freddie Mac (FRE) and Fannie Mae (FNM) are also undervalued. The market tends to overestimate the damage that an increase in interest rates does to these companies I'm adding Freddie (because they are a client) to my portfolio on Monday, although Fannie is a great company as well and, IMHO, attractive too.