Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] MFA
Date: Sun, 30 Dec 2001 20:43:21 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0017_01C19172.9E6E42D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Matt, I got burned a number of years ago on a mortgage backed REIT, and = learned my lesson. As a result, I won't consider them for growth = oriented investment. I see that MFA currently has a yield of 12.7%, no = doubt in my mind that is what is driving it. But with rates about as low = as they are likely to get, and even more likely to start up in the = future, even the fact that this company's mortgages are adjustables = means that it will not keep up with rising rates. I would aqree that it appears to be forming a c&h, but the handle is = high, up/down ratio is only 1.1, and the trailing PE (9) says that there = is little interest in pricing it at a premium. This is also reflected in = the RS of 72, below CANSLIM standards.=20 It does have good earnings forecasts, but would not interest me. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Matt & Alicia Leverette=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 30, 2001 3:59 PM Subject: [CANSLIM] MFA I would like to get some thoughts on this stock. America First = Mortgage Investments, Inc., is a REIT and is in the business of = investing in mortgage-backed securities and mortgages. It appears to me using IBD Chart that there is a C&H formation = beginning on around the first of October. It looks like a handle is now = forming.=20 I will appreciate any thoughts. Thanks, Matt Leverette =20 - ------=_NextPart_000_0017_01C19172.9E6E42D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2712.300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Hi Matt,</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I got burned a number of years ago on a mortgage = backed=20 REIT, and learned my lesson. As a result, I won't consider them for = growth=20 oriented investment. I see that MFA currently has a yield of 12.7%, no = doubt in=20 my mind that is what is driving it. But with rates about as low as they = are=20 likely to get, and even more likely to start up in the future, even the = fact=20 that this company's mortgages are adjustables means that it will not = keep up=20 with rising rates.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I would aqree that it appears to be forming a = c&h, but=20 the handle is high, up/down ratio is only 1.1, and the trailing PE (9) = says that=20 there is little interest in pricing it at a premium. This is also = reflected in=20 the RS of 72, below CANSLIM standards. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>It does have good earnings forecasts, but would = not=20 interest me.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley</DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dmalever@bellsouth.net = href=3D"mailto:malever@bellsouth.net">Matt &=20 Alicia Leverette</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 30, 2001 = 3:59=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] MFA</DIV> <DIV><BR></DIV> <DIV><FONT size=3D2>I would like to get some thoughts on this = stock. =20 America First Mortgage Investments, Inc., is a REIT and is = in the=20 business of investing in mortgage-backed securities and=20 mortgages.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>It appears to me using IBD Chart that there is a = C&H=20 formation beginning on around the first of October. It looks = like a=20 handle is now forming. </FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>I will appreciate any thoughts.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Thanks,</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Matt Leverette = </FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0017_01C19172.9E6E42D0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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