Go to Jeff Salisbury LWGate Home Page.From: "Matt & Alicia Leverette" <malever@bellsouth.net>
Subject: Re: [CANSLIM] MFA
Date: Sun, 30 Dec 2001 19:51:38 -0600
Next Article (by Date): Re: [CANSLIM] MFA "Tom Worley"
Previous Article (by Date): Re: [CANSLIM] MFA "Tom Worley"
Top of Thread: [CANSLIM] MFA "Matt & Alicia Leverette"
Next in Thread: Re: [CANSLIM] MFA "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0007_01C1916B.64DB33E0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
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
- ------=_NextPart_000_0007_01C1916B.64DB33E0
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 5.50.4134.600" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>Thanks for your comments. I am always looking =
for a good=20
low priced stock, but I was concerned about this being a mortgage 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 =
appreciate your weekend review. I don't have a lot of time to do =
research=20
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 =
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 =
7:43=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 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=20
in 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,=20
but the handle is high, up/down ratio is only 1.1, and the trailing PE =
(9)=20
says that there is little interest in pricing it at a premium. This is =
also=20
reflected in 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>=
=20
</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 =20
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0007_01C1916B.64DB33E0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Date): Re: [CANSLIM] MFA "Tom Worley"
Previous Article (by Date): Re: [CANSLIM] MFA "Tom Worley"
Top of Thread: [CANSLIM] MFA "Matt & Alicia Leverette"
Next in Thread: Re: [CANSLIM] MFA "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]