[movermike] movermike: TMA Haircuts Book Value By $5.10

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Posted by movermike:
TMA Haircuts Book Value By $5.10
http://www.movermike.com/posts/1187129698.shtml


   Laurie Kulikowski at TheStreet.com has this update on TMA: [tma]

   [w?s=TMA]

     Thornburg Mortgage (TMA) has postponed its dividend and cut its
     book value due to the "unprecedented" credit crunch affecting the
     mortgage industry.

     The Santa Fe, N.M. mortgage real estate investment trust said
     Tuesday afternoon that it has rescheduled its quarterly dividend
     payment of 68 cents a share to Sept. 17. The dividend was
     originally to be paid on Wednesday. Thornburg also lowered its book
     value per share to $14.28 from $19.38 as of June 30.

   TMA by reducing Book Value $5.10, just acknowledged the company is
   worth $626 Million less than on Friday

   [1]Thornburg Mortgage (TMA) [2]Mortgages [3]Mover Mike

References

   1. http://technorati.com/tag/Thornburg+Mortgage+(TMA)
   2. http://technorati.com/tag/Mortgages
   3. http://technorati.com/tag/Mover+Mike