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The Company operates as a real estate investment trust for federal income tax purposes.
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dpb2 (97.02) Submitted: 11/26/07 11:02 AM : Start Price: $10.33 CMO Score: 23.82
Well run REIT that will profit from declining interest rates and the inability of homeowners to refi out of accelerating ARMS. The risk is that the mortgages or mortgage backed bonds that they hold will be devalued as foreclosures rise. However, they just raised a significant amount of new capital so something is going right.
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