Anthracite Capital, Inc. (AHR)

fewli0 (44.14) Submitted: 3/17/08 10:14 AM : Start Price: $5.34 AHR Score: 1.32

Stock dragged down with the sector unfairly. It is true that real estate values continue to drop, but commercial real estate isn't nearly as large a bubble as residential is. Last week's earnings report was very positive, the dividend held steady at nearly 20% yield from today's price, with guidance that it will continue to do so. Recently reported book value is over ten dollars. Commercial mortgage delinquencies remain at record low levels. Based on currently available information, this stock has nowhere to go but up. Look for a large amount of shorts to cover before the upcoming ex-dividend date of March 31st to avoid paying the dividend.

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