Looking good this morning:
7:04AM Anthracite Capital reports Q2 EPS of $0.36 vs $0.29 consensus; affirms no subprime residential exposure (AHR) 7.17 : Co reports Q2 EPS of $0.36 vs $0.29 consensus. "The recent turmoil in the credit markets is causing extreme volatility in the financial sector led by significant deterioration in the subprime residential mortgage market. As previously stated, Anthracite has not invested any of its capital in the subprime or Alt-A segments of the residential mortgage market. Given our focus on the commercial real estate sector and the substantial capital raised during the second quarter, our portfolio continues to be well positioned. In addition, the Company redeemed $25,000 of its investment in BlackRock Diamond creating further liquidity and monetizing its profits from that investment." Net book value per share at June 30, 2007 was $10.14.
"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."
