Redwood Trust, Inc. (NYSE:RWT)
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A financial institution focused on investing in, financing, and managing residential and commercial real estate loans and securities.
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A financial institution focused on investing in, financing, and managing residential and commercial real estate loans and securities.
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I'm probably a bit early on this, but I want to have an incentive to follow it long-term. Redwood has spectacular management and they are pretty conservative in their long-term economic outlook. Book value is around $11 - $12. My belief is that the housing market will continue to stay down and prices will drift downward further for the next few years, but there will still be good opportunities for mortgage REITs at some point in the future. Just don't know when. Don't be surprised if RWT falls down another 10% - 20% before that time comes. Long-term, however, I believe they are a winner.
I can expect that hit to happen, getting loans is almost a joke, albeit not a funny one. This outfit can get a piece of the action.. We need more to step in, how do you assess value with a dinosaur corrupted banking shitstem..