MITT AG Mortgage Investment Trust Inc

Just got filled on more $MITT , hard to understand why it's getting hit today further when other reits are bid with the 10 yr, they just announced the same dividend showing strength in their earnings, book value holding well & higher than Q1 at $10 pps not eroding over time and fundamentally they are the least leveraged reit in mREIT land. Does the least levered REIT trading at only 60% of book value deserve to be trading at a covered 15%+ stripped yield going into an accretive merger with $CHMI ? I don't think so.

$MITT I know management here at TPG to be very astute and very conservative, so the company is well run. It SHOULD NOT be trading at 60% of book value when that order book is almost all agency MBS with low LTV ratios. The merger with $CHMI is actually quite accretive, and while the dividend is covered , but by a slim margin now, the merger gets it covered by a generous margin. Given these facts, it SHOULD NOT be trading at a current yield of 15.66% stripped yield. These aren't CLO's or risky assets, these are agency MBS mortgages. Huge disconnect. $SPY $QQQ $TLT

$MITT another under the water, financial sector with SCTR 76.6 and 14% dividend coming up .10cents payable 10/30 record 9/30. watch and trade with utmost care. jmo.