Acquires mortgage-related assets in the United States. Invests in residential loans, second mortgages, and business purpose loans. Now — the numbers.
This is an established company with proven profits.
An average decline of 13% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.
The market pays 6.4× for every dollar of annual profit — cheap, which is either an opportunity or a warning.
Analysts' average target sits 58% above today's price.
Executives buying with their own money is usually read as confidence in the company’s future.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Revenue Growth: Sales are going backwards, not just slowing.
An investor who bought at the very peak is down 63% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
The net profit margin is 68% — still a thick cushion, though costs have been eating into it lately.
Over the last 12 months, company executives reported 28 buys and 22 sells. Management buying with its own money is usually read as a good sign.
It pays out $0.80 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales fell about 13% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
Since the drop from its peak, buyer appetite hasn’t come back. Council score: 0/10.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.