This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MFA Financial's CEO Hosts JPMorgan SMid Cap Conference (Transcript)

MFA Financial, Inc. ( MFA)

JPMorgan SMid Cap Conference Call

November 30, 2011 11:45 ET


Stewart Zimmerman – Chief Executive Officer

Bill Gorin – President

Craig Knutson – Executive Vice President


Rich Shane – JPMorgan


Rich Shane – JPMorgan

Since we're already on the clock, I'm just going to do a very brief introduction. I'm Rick Shane from JPMorgan. I'm the specialty finance analyst. I'm delighted to introduce the management from MFA. MFA is one of the most established mortgage REITs. The company's current dividend is over 15%. MFA is a hybrid mortgage REIT with over $12 billion of assets, about $7.5 billion of that is in agency securities, just over $4 billion is in non-agency securities. We look at MFA as an absolute return play as opposed to some of the more relative return plays within the mortgage REIT industry. And with that, I will turn it over to management.

Stewart Zimmerman -- Chief Executive Officer

Thank you.

Rich Shane – JPMorgan

Thank you, Stewart.

Stewart Zimmerman – Chief Executive Officer

Good morning. Thanks for being here. My name is Stewart Zimmerman. I’m the CEO of MFA. With me is Bill Gorin is President, Craig Knutson, Executive Vice President, our CFO is sitting over here, Steve Yarad. So, thank you.

Generally, we do this kind of in a -- as we do everything, actually, in our office, kind of in the team efforts. So, I will kind of lead it off, and turn it over to Bill, turn it over to Craig, and then you ask some questions. We have the CFO here he can answer any of your accounting questions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs