ns4
Oct 1, 2:58 PM
$ABR don't take my word for it -> here's a comment from another actually well informed ABR investor:
"The 10 -year recent ascent these last 45 days have killed Arbor's PPS. The high interest rate environment is kryptonite to the company.
With these high rates, many of the loan work outs become untenable, which further delays the recovery. Even more importantly, new lending - originations on both the agency side and the structured side of the business will slow to a standstill. That origination revenue is needed to pay the dividends - both preferred and common. - Forget the dividend - I'd be very surprised if its paid and I would place better than even money that they suspend payment of the preferred (even though it will still accumulate and eventually need to be paid.)"
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