Oct. 1 at 3:10 AM
$ABR I am guessing as we continue to grind higher, the shorts should begin to feel something tapping at their behinds.
Pucker up buttercups!
Management said 2025 was going to be a transition year.
They said it would take longer to work out of the ORE they took back and reworked.
They said as the 10 yr approached 4%, business would dramatically pick up and refi’s would also jump.
Well, I would bet the Fed cuts again the last week of October, and with that, the 10 yr rips through 4%.
I am also betting that they have two more quarters before they begin raising their dividend.
That should cause ABR to rip through
$15, and eventually to ATH second half of 2026 or 2027.
Just my two cents of course, and yes I am talking my book, but seriously, if I were short, I would definitely be reducing that exposure before I lose my shirt.
As always, Good luck all longs.
