Archive for August, 2007
Thornburg Mortgage - Press Release
The $.68 dividend will be delayed a month until Sept 15. Looks like they are having trouble getting cash in the repo market to fund new mortgage originations. IMO this may be the absolute bottom of the mortgage problems affecting the better quality lenders.
Thornburg Mortgage - Investor Relations - Press Release
Gigamedia Poised for Outstanding Growth
This is primarily a review and consolidation of the information from today’s earnings conference call. The main speakers for the conference call were Arthur Wang, CEO and Thomas Hui, COO/CFO.
Gigamedia is a Taiwan based company offering online gaming and gambling services. Their products are focused on European and Asian markets. They have a legacy ISP [...]
Ben Stein on the subprime meltdown
Another opinion on the effects of the subprime mortgage problem on the overall market (via Random Roger):
Chicken Little’s Brethren, on the Trading Floor - New York Times
Thornburg Mortgage-down again today
I have made several recent posts on Thornburg Mortgage TMA as it gets hammered in the mortgage meltdown. I have been listening to Thornburg’s quarterly earnings calls for several years and this is what I take away from their business model:
They originate and buy very high quality mortgages for their portfolio. The portfolio is almost [...]
A Dash of Insight: Market Observations on a Tough Day
A Dash of Insight: Market Observations on a Tough Day
Implications for the Average Investor
For the average investor it means that quality stocks are on sale. The hedge funds must sell to cover marginal calls and redemptions. Many observers noted that today’s trading had plenty of selling in good stocks and buying in (widely [...]
