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cl001

01/11/06 4:16 PM

#32562 RE: grimreaper #32551

grimreaper Re:TMFZ
When they switch to REIT, they will not required to pay federal taxes(I am not sure at the state level). They are making about 20c right now after 40% tax. IF this continues, the payout could be in 30c or $1.2/year range. However, there is a big IF there. Housing market is cooling down and they are in those bubbling area, that is a concern.
I noticed that the insiders stopped selling recently, I like that.
Where did you see that they are holding the mortgage loans now?