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Archive of entries posted on 3rd October 2012

Javelin starts today. First presidential “debate” is this evening.

Javelin (JMI) will start trading today. It’s a new mortgage REIT managed by the people at ARR. It still has to buy its portfolio and borrow the money for leverage (juicing up the return). I’m guessing it will trade under $20, its offering price. At which price it’s worth buying. Yield should eventually be 14%. […]