Savvy Trades and Investments

[cliffvb]

NRZ Sure surprised to see it down 20% in a week. I thought its huge $600 billion+ MSR portfolio would continue to go up in value as interest rates rise. Now trading at only 72% of BV and yielding 11% with a well covered dividend.

Piper's negative report on it appears to have done much of the damage, in unison with a stock market recently in free fall. Does anyone know the details of their negative report.