As the five year anniversary of my initial MORL purchase has past and there are now actual five year holding periods for MORL that can be examined, it may be interesting to see what the historic $100,000 five year holding period return would be.A hypothetical investment of $100,000 in MORL on December 24, 2012, at the closing price of $24.69, assuming reinvestment of all s, would be worth as of the December 22, 2017 price of $17.49, $205,211.10. It might be noted that a hypothetical investment of $100,000 in SPY would have grown during the same period to $207,787.70, again assuming reinvestment of all s.Outlook For MORL and Reasons For Caution In REM And The mREITs Outperform, But Risks Are Lurking, I discussed the extent that the mREITs have significantly outperformed the mortgage backed securities that comprise much of the securities held by the mREITs. By definition, the basic reason for the outperformance of the mREITs relative to the securities in their portfolio has been the increase in the market price to book value that many of the mREITs have been trading at.A Seeking Alpha article by Colorado Wealth Management Fund Quick And Dirty mREIT Discounts For December 18, 2017 indicates that for 25 mREITs, most but not all, held by MORL, the average market to book value was 97.37%.

iPhone Cases sale She never reported hearing the knock on the door that her daughter answered.She initially thought Anthonette had gone looking for a neighbor’s dog that had been missing.After calling her repeatedly panic set in. She and the neighbors began scouring the nearby hills and around the housing complex to no avail.The case went cold, despite a three day search, from the beginning.A week after her daughter went missing Penny turned to a Navajo Medicine Woman who performed the Crystal Ceremony where she contacted the spirit of a missing person. She told Penny that Anthonette may be alive and have a child but is being threatened if she leaves. iPhone Cases sale

iPhone Cases sale Bundles of tiny hairs that line the canal are deflected by the waves in the liquid, transforming the energy back into mechanical motion. The membrane and hairs vary in stiffness and length along the canal so that each part responds to different sound frequencies. Exactly how this frequency (pitch) analysis works in not completely understood but the range of audible sounds is staggering. iPhone Cases sale

iphone 7 case As per Gartner’s report, mobile phone shipment is expected to total 1.9 billion units in 2018. Out of the total shipments in 2018, 86 per cent will be smartphones, which is a 6 per cent rise from 2017. Despite the $999 price tag iPhone x case, the iPhone X is expected to get the ball rolling in North America, China and Western Europe. iphone 7 case

iphone 7 plus case We’re hard at work on three new cases for the Galaxy S5. Our award winning CandyShell packs a bold look and military grade protection in two layers, while our CandyShell Grip adds raised rubber ridges to the classic look for a better hold. Finally, our brand new CandyShell Inked features high res graphics on a scratch resistant coating for bold colors that won’t fade. iphone 7 plus case

iphone 8 plus case There four of us. It Adam Zerbe playing bass (and vocals), and we got a kid named Will Condon on drums, Mikey Selbicky (guitar/vocals) and myself (keyboards/guitar/vocals). We doing a bit of a Lennon and McCartney kind of thing with me and Mikey, switching off singing lead and writing songs. iphone 8 plus case

iPhone x case I don’t think he’s feeling the heat in terms of him potentially losing his job, but on his more pessimistic days, he’s gotta be thinking “what have I done?!?!” I think Preller is low key enough not to have bought into the Rock Star GM stuff early on. He knew the risks he was taking when he made the moves he did, and he had to have recognized some of the flaws. But think about it: If the pitching staff is anywhere NEAR last year’s form, and if Matt Kemp was producing anywhere NEAR the level he was in the second half last year, and if Wil Myers stayed healthy, this team would be competing for a division title. iPhone x case

iphone 7 case Max tells Lewis that he will give him his research if he’ll get the locket. Cleo’s locket gets broken and Lewis gives it to Max in order to fix it. Max convinces Lewis to take him to Mako Island. Chess News has been informed that the German national team players prior to the European Team Championship signed a contract under which they will receive a considerable amount of money for participation and most likely they are also going to get some bonus from the federation for winning the competition. I Evgeni Surov and we will talk to Arkadij Naiditsch the leader of the German team. Thanks to Arkadij win over Radjabov in the last but one game Germany took the lead and maintained it iphone 7 case.