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Strategies & Market Trends : Anyone following Capstead (CMO)?? -- Ignore unavailable to you. Want to Upgrade?


To: James H who wrote (100)8/25/1998 3:19:00 PM
From: William A. Eydler  Read Replies (1) | Respond to of 216
 
I did the same thing, posted this message on Yahoo CMO message board.

doubled my stake today at 2 1/2be10scoach
(50/M/Wilkes-Barre, PA) Aug 25 1998
12:36PM EDTI have been a holder of CMO for over a year, got in primarily due to nice interest return. I have been really disappointed that the management team didn't forsee anything like this and lost quite a bit. Lawyers looking for a quick buck are scum IMHO. While i'm not as well versed in REITS as a lot of you are I doubled my stake today at 2 1/2, then saw it go to 2 3/8. how low can it go? are we looking at bankruptcy here? Is a merger or takeover something they should be looking at? My average cost per share is a little under 8, hope to see improvement in next few quarters, but will it ever stop falling. something from the headquarters would be appreciated, a press release or something. what's the general feeling on CMO's prospects in the next 12/24 months??????Comments appreciated, discussion warranted.
ÿCMO:ÿ Quote ÿ|ÿ Profile ÿ|ÿResearch This Is a Reply to: Msg 2333 by reitking
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To: James H who wrote (100)8/25/1998 4:30:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 216
 
JHS; Well looking back I can see I should have known the terrorist
type ambulance chasers would jump all over this and had I been
thinking I'd have waited longer before buying in.
You can almost sense some collusion with the vultures in that
management has not said a peep since the Lawyers started carpet
bombing her with their sinister threats, or is management scared
of these blow hards ?
--------------------------
Either way I'm in for the ride, and if they steal it all, it's
one fat tax right off.
I'm not in any other dogs, and normally play the index,
I just took a chance here, and I'v decided to go for
broke rather than jump ship.
Jim