Manhattan Bridge Capital: What’s The Deal?
Manhattan Bridge Capital is a “hard money” lender that operates in the New York metro area. The company provides short term secured financing to real estate investors through short-term loans with conservative loan to value ratios. The typical loan is anywhere from $50k to $1.5M. The loan is secured by a senior mortgage, which the company uses as collateral. The company is currently managing approximately 100 loans.
Currently, the stock is trading at almost $6.00 a share with a P/E ratio of 16.70. The company currently has a market cap of $42 million. The stock is currently trading right at its 52-week high. The stock is yielding over 6% on its current dividend of $0.085. With the recent capital appreciation of the stock, I decided to take a deeper look at it and see what I could find out…..
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Read the post – came back here to comment. With something that small it feels like such a high risk/high reward type of proposition. Almost like I could not/would not do enough research to make it anything more than just a bet. Also, check out that 10yr chart – UGLY!
Evan recently posted…Bought to Close HOG and Sell to Open HOG – All in One Day
I appreciate your comments. I agree that it is not exactly like investing in a blue chip company but the company has been doing well the past couple of years and seem to have a good business model. I am not comparing them but using these companies as an example. I would imagine that Walmart or Home Depot looked like a high risk/ high reward situation. I admit that I would never make this one of my core holdings in my portfolio but given that it seems to be a good company with a good business model I am willing to expose myself to a little more risk here. Thanks for stopping by!
High risk high reward company. If someone has time on their side for investing nothing wrong with this company. I am 42 and its on my watchlist. I have a few similar companies in my portfolio
Doug recently posted…Two buys today MRCC and VOD
Yeah, I still really like the company. I bought in when it was at like $3.80 but then around this time last year sold enough to recoup my original investment and a small cap gain. Looking back now I wish I would have just held on to the whole position. Since then I keep looking for a good time to buy back into the stock but it just seems to keep moving upward. I keep being patient just waiting for a good time to build another position. I’m only 31 so I have plenty of time. Thanks for stopping by Doug!
Thanks for your help, it was really helpful! You have given very relevantly information.