Anworth Mortgage Asset Corp (NYSE:ANH)

johnnyrocku (97.61) Submitted: 9/23/2007 4:04:59 PM : Start Price: $2.87 ANH Score: -144.01

Swimming in debt

gaiachild (96.32) Submitted: 9/8/2007 5:19:10 PM : Start Price: $2.52 ANH Score: -172.57

TDRH

tenmiles (99.97) Submitted: 8/9/2007 9:50:42 PM : Start Price: $2.14 ANH Score: -217.86

Big red thumbs down here - $140 million exposure to Belvedere Trust Mortgage sub which is being forced to offload MBS portfolio at fire sale- really can't see any positive scenarios for this $267 million market cap that will turn things around.

colmust2 (79.61) Submitted: 8/3/2007 5:04:08 PM : Start Price: $3.16 ANH Score: +116.40

Everyone is concerned about the creditworthiness of Belvedere Trust's investments. These loans were securitized in 2004 and 2005 with 72% loan to value. This is a stock that will benefit from economic weakness too, which seems to be where we're headed.

Luftwasche (21.97) Submitted: 3/19/2007 4:39:51 PM : Start Price: $4.13 ANH Score: +63.39

I've been getting smacked around on my picks of RMBS investors, but long term this is a very profitable buisness. It's funny to be able to buy a big pool of Agency RMBS (i.e ANH the company) for 90% of par value.

As the portfolio resets to floating it will trade at 102, and of course any drops in fed funds will lead to huge increases in portfolio income from the built in duration mismatch.

GBOURSE (98.28) Submitted: 1/31/2007 2:39:46 PM : Start Price: $4.45 ANH Score: +53.55

Price & RSI