Go to Jeff Salisbury LWGate Home Page.From: "Matt & Alicia Leverette" <malever@bellsouth.net>
Subject: Re: [CANSLIM] MFA
Date: Sun, 30 Dec 2001 20:35:47 -0600
Previous Article (by Date): Re: [CANSLIM] MFA "Tom Worley"
Top of Thread: [CANSLIM] MFA "Matt & Alicia Leverette"
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Yes, I understand. But it has helped me on several occasions.
By the way, I was wondering what is your VR fund?
Matt Leverette
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Sunday, December 30, 2001 7:59 PM
Subject: Re: [CANSLIM] MFA
Thanks, glad it's of use. Just keep in mind that it's only my =
"watchlist" for purposes of helping this group with some CS type stocks. =
For my own purposes, most will not meet my small cap, low priced =
standards.
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 8:51 PM
Subject: Re: [CANSLIM] MFA
Thanks for your comments. I am always looking for a good low priced =
stock, but I was concerned about this being a mortgage backed REIT. =20
I think that I will keep looking. By the way I appreciate your =
weekend review. I don't have a lot of time to do research so I often =
use your watchlist to narrow my search.
Thanks again,
Matt
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Sunday, December 30, 2001 7:43 PM
Subject: Re: [CANSLIM] MFA
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
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<DIV><FONT size=3D2>Yes, I understand. But it has helped me on =
several=20
occasions.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>By the way, I was wondering what is your VR =
fund?</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Matt Leverette</FONT></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=3Dstkguru@netside.net href=3D"mailto:stkguru@netside.net">Tom =
Worley</A>=20
</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 =
7:59=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MFA</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Thanks, glad it's of use. Just keep in mind =
that it's=20
only my "watchlist" for purposes of helping this group with some CS =
type=20
stocks. For my own purposes, most will not meet my small cap, low =
priced=20
standards.</FONT></DIV>
<DIV> </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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 30, =
2001 8:51=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MFA</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Thanks for your comments. I am always =
looking for a=20
good low priced stock, but I was concerned about this being a =
mortgage=20
backed REIT. </FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>I think that I will keep looking. By the =
way I=20
appreciate your weekend review. I don't have a lot of time to =
do=20
research so I often use your watchlist to narrow my =
search.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Thanks again,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Matt</FONT></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=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 30, =
2001 7:43=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MFA</DIV>
<DIV><BR></DIV>
<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=20
backed REIT, and learned my lesson. As a result, I won't consider =
them for=20
growth oriented investment. I see that MFA currently has a yield =
of 12.7%,=20
no doubt in my mind that is what is driving it. But with rates =
about as=20
low as they are likely to get, and even more likely to start up in =
the=20
future, even the fact that this company's mortgages are =
adjustables means=20
that it will not keep up 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=20
c&h, but the handle is high, up/down ratio is only 1.1, and =
the=20
trailing PE (9) says that there is little interest in pricing it =
at a=20
premium. This is also reflected in the RS of 72, below CANSLIM =
standards.=20
</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=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December =
30, 2001=20
3:59 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=20
the 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=20
C&H formation beginning on around the first of =
October. It=20
looks like a 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 =20
=
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY><=
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Previous Article (by Date): Re: [CANSLIM] MFA "Tom Worley"
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