Municipal Mortgage & Equity, LLC (NASDAQOTH:MMAB)
Principally engaged in originating, investing in and servicing investments related to multifamily housing and other real estate financing.
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Recs
2013 will be kind for MMAB, spring/summer should see some explosive growth. Cash it out during summer then buy back in at the start of 2014 and make another 5x return on your dollar.
Recs
Seriously overblown market reaction to restatement of financials. Once this gets settled and stock is relisted it will be off to the races. Company has solid portfolio, no sub-prime, yet is priced as if it is going bankrupt.
Recs
MMAB.PK is engaged in real estate financing during a mortgage crisis, not good. It has been delisted from NYSE to Pink Sheets. Cut its dividend. Has dropped like a rock over the past month, and has several class action lawsuits against it. This one's a no-brainer.
Recs
This stock was known for good, steady dividends and some growth, albeit not spectacular. It's sudden dividend cut and NYSE delisting all combine to make this stock a tough nut to crack over the long haul. In my very limited experience, stocks that cut dividends do not necessarily regain all of their pre gain luster. It may be good for some who is speculative and not expecting massive returns.
Recs
Recs
8.6% dividend, 11.6 PE, 14% after tax return, only 8% held by institutions, ROE just shy of 15%, 42 increased quarterly dividends over the last 10 years, not involved in residential mortgages. Stock took a hit in the subprime confusion, but it has no involvement. Short term buy opportunity.
Recs
At $22 this stock price is an over-reaction to sub-prime woes!
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Have to look at the long term here. Again, the company doesn't do subprime loans, yet they are being beaten up like they are neck deep in them.
Recs
A strong company that has been "tarred with the brush" of sub-prime mortgage companies yet it does not participate in this sector. Instead, its normal business area is in good shape and expanding. Its planned aquisition of TONE is sound and will assist in obtaining capital. It's dividend appears solid, VERY attractive and its dividend growth rate is great.
Recs
7 % Dividend!
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