Centerline Holding Company (NASDAQOTCBB:CLNH.OB)
The Company is a real estate finance and investment company and provides capital at every layer of a property's capital structure and investment products at varied levels of the risk spectrum.
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that's a company that know how to play
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From my short ideas/valuation screen
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Centerline Holding Company is poised to take advantage of the housing collapse. They have assets and with a potential buying spree in the near future due to the abundant cheap real estate available, they will be able to increase their assets at a bargain price.
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It will double when it solves its legal issues.
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overvalued
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mortgage investment
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performance is well below average and with a negative earnings of -27%
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Moving assets to less risky investments, down due to cutting dividends. Very low for the value.
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Stock has been unfairly hammered due to subprime fallout, but after the next one or two quarters of very high yield (?12%) largely tax-free dividends, price will have to return to the $18-20 range.
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no way this sector out performs the market, an argument could be made for shorting almost the entire sector. Cramer advises buying puts on about every mortgage and housing play out there. But at the very least will underperofm the market.
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A hen for itºs eggs, a cow for itºs milk. A stock, not for itºs earnings but for itºs dividends!!
More than 8% dividend, and insiders are buying heavily. P/E might be a bit high for some reason such as being in a turnaround situation, but doesnt matter.
1. High dividend
2. Insiders buying havily
3. You CAPS it
4. You buy!!
Here be no dragons.
Recs
excellent chart, dividend, management
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