Q: It seems that mortgage investment corporations pay a nice interest . Do you like them for income? If so, which ones do you like? Thanks. cheers
5i Research Answer:
We think most are decent for income investors. But due to their high sensitivity to rates and the economy, they should be consider higher-risk income. Most are also on the small side. But most are priced quite well, typically below 10X earnings. Our favourites are FN, AI, TF