TMA Omits Divy (Not Good)
I really thought that Thornburg Mortgage with their jumbo loan product would be immune to the sub-prime meltdown, but they are not. Not only is Marketwatch reporting a huge loss of $8.83 per share, but they've also canceled their dividend. Ouch!
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Oct.17.2007. 11:00
burgerflipper on Oct.30.2007. 23:29
I understand that a return to some profitability is a lock for the current (4th) quarter. That would mandate a dividend, given the REIT status.
Any comment?
REIT Media Admin on Nov.03.2007. 14:47
One would think this is true. I'm sure they've got some great accountants and legal experts, so then again who really knows.
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