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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Michael Peterson who wrote (7366)6/1/1999 1:42:00 PM
From: Wallace Rivers  Respond to of 78625
 
I traded this one a couple times, made out well, do not own currently. Probably is not the best place to be in a rising interest rate environment. Don't know about the state of the mortgage origination and refinance market, but I suspect it has slowed somewhat.
Trades below book, and has a generous yield, probably because it is considered a highly cyclical stock. The sub-prime part of their business doesn't excite me, particularly. I started a thread on the company when it had the ticker REMI, but the thread is currently titled under RBMG. I have no idea when the last post was.