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TMA Analysis & Videos »
TMA: Bull or Bear?
Thornburg Mortgage Inc.
TMA
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+5.33%
in
521 days
Thornburg Mortgage, Inc. operates as a residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets. The company’s ARM assets consist of purchased ARM assets and ARM loans, including traditional ARM assets and hybrid ARM assets. It acquires and originates assets, through correspondent lending, wholesale lending, direct retail lending, and bulk acquisition programs. Thornburg Mortgage, Inc. acquires ARM assets from investment banking firms, broker-dealers, mortgage bankers, mortgage brokerage firms, banks, saving< /><>< />< /><><><><><><><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />< /><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< />< />< />< />< /><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< /><><><><><>< /><><>...
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Nowhere to go but up, or die!
TMA
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-3.28%
in
527 days
This company sold everything but the kitchen sink to keep it's head above water through this crisis and I believe that they will be poised to rocket within the year as financial markets start to heal. Or, it'll just die and I'll lose everything. 8% of portfolio. Cheers.
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Market Rebound
TMA
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-76.95%
in
57 days
(closed on 06/20/08)
Thornburg Mortgage, despite he stock dilution, has amazing fundamentals. Currently, the stock is trading undervalue. As confidence relating to the subprime mortage crisis starts to slowly rebuild, you can expect this stock to start trading at the numbers it should be trading at. Thornburg holds Superprime mortgages, with extremely low risk of defaults. Bankruptcy has been averted, although at a cost, and this company will slowly be working it's way back up.
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Is Thornburg Mortgage Common Really Worth $3.88B?
TMA
+40.60%
in
581 days
<>Thornburg Mortgage (TMA) announced on March 31 completion of a new debt offering for $1.35 billion, which includes warrants to buy some 2.75 billion new common shares at 0.01/share; 47 million additional warrants issued to repo lenders and some 155 million more warrants to be issued to preferred shareholders, all with 0.01 exercise price. <!--more-->The bulk of the new warrants are tied to shareholder approval of an increase in total shares and buy back of the preferred at $5/ share. If either of these do not occur, debt interest rate stays at 18% and the debt holders get the benefit of a 7...
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So they raised some money...
TMA
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-10.86%
in
10 days
(closed on 04/11/08)
Now that the Fed is backstopping Fannie and Freddie, it looks to me that TMA will live to see another day. They got the crap beat out of them during that 3-4 week period that the Fed appeared like they were going to play hardball. TMA looks like they bounced off the floor pretty well. Scott
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Thrive or Dive?
TMA
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-54.87%
in
69 days
(closed on 06/02/08)
This company is in major trouble at the moment. It is trying to secure over a billion dollars in liquidity to stay out of bankrupsy. Its board is meeting this week almost every day to try and keep it afloat. Yesterday it changed a by-law allowing people to purchase up to a billion dollars in its securities. I believe that the directors of this company will get through the credit crunch without filing for chapter 11. When this happens it will sky-rocket.
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Blew through my stop loss - argh!
TMA
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+73.91%
in
30 days
(closed on 04/01/08)
Looks like TMA is in more trouble than anybody expected. Margin calls have put into question TMA's stability over the next several months. As a relatively simple investor the dynamics of of the problems in this company are outside of my knowledge zone so I resorted to a simple 25% stop loss on this one. Ugh, my timing sucked.
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Really SUPER and no SUB
TMA
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-87.58%
in
118 days
(closed on 04/11/08)
Don't confuse sub-prime with super-prime..... Latest delinquencies (> 60 days) are DOWN form a whopping 0.28% to 0.24%. LTV is less than 75%. FICO scores north of 700. Indications are that dividend will be restored early the week of December 17th. If only $0.34 (1/2 of prior dividend), yield will be 12%. <> <> This well-run firm's s <> <> <> tock (historically, management just loves to surprise to the upside) traded above $25 before the SUB mess cratered the mortgage business in August, and could move <> drama...
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Thornburg's 'Unprecedented' Moratorium on Locking
TMA
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+91.02%
in
819 days
If you missed my hit on CNBC, Thornburg Mor tgage (tma) isn't locking in mortgages fo four days. A company spokesman told me the company is still funding existing loans, but at a slower pace. According to a memo sent by Thornburg to its network of mortgage brokers, the company said it has placed these "unprecedented restrictions" on itself because of "present market conditions" and the "unprecented and irrational sentiment in the secondary mortgage market, which has generated conditions of illiquidity throughout the industry." <> The company went on to say that "due to the fact that ...
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No Sub-primes Here
TMA
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-97.09%
in
916 days
Thornburg is a leading provider of "mega-loans", with their average loan size being almost one million dollars primarily to commercial borrowers. They also only deal with the upper echelons of the credit ratings, so they have one of the lowest default rates in the industry. They continue to focus their marketing efforts to larger borrows and expect to see continued steady revenue growth.
Throw in a heft dividend, and you have a fairly safe long term play.
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About Thornburg Mortgage Inc.
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