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Wallace Weitz Comments on Redwood Trust

July 15, 2013 | About:
Holly LaFon

Redwood Trust (RWT--$17)(RWT) We have owned Redwood shares since its founding in 1993. Redwood is a “value investor” in the residential and commercial mortgage markets. We know management well and trust their judgment. The mortgage market was rocked by the recent bond market commotion, but Redwood ought to be able to continue to build its business. Redwood’s current dividend yield is 7.5% and we would expect the company to raise its dividend over time.

From Wallace Weitz’s second quarter 2013 letter to shareholders.


Rating: 3.3/5 (4 votes)

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