PennyMac Mortgage Investment Trust (NYSE: PMT) reported net income of $75.2 million, or $0.93 per diluted share (up 86% from the prior quarter), for the second quarter of 2014, on net investment income of $120.6 million (up 57% from the prior quarter).
Newell Rubbermaid (NYSE: NWL) announced second quarter 2014 financial results that showed strong bottom-line results and revenues in line with analysts’ estimates; management also reaffirmed expectations for the balance of 2014.
Since publishing our first issue back in 1986, we’ve always recommended investors exercise patience. "Beware an Itchy Trigger Finger" identified ten stock picks with particularly promising long-term potential--and they all had the added bonus of paying dividends over 3% to further reward investor patience. Given our contrarian slant, each of these stocks was also generally out of favor with mainstream investors at the time of recommendation--adding value stock appeal.
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