AHM has gotten a beat down (70%~ decline in value) and now has bottomed out. Their dividend is now yielding over 20% of the stock purchase price (if bough today in the mid $11 range). It doesn't take too long at that pace before the dividend has… More
Housing industry still has a long way to fall. We should hit bottom in late spring or early summer. We might hit bottom sooner if the Fed cuts rates, which I believe will happen in Feb 2007, unless inflation is out of control. Home prices will errode… More