Ellington Financial: History Of Cuts Explains High Yield

Company Overview - Ellington Financial Inc. (NYSE: EFC) is a mortgage REIT that manages a portfolio of loans and mortgage securities [1] - The company currently offers a yield of 11%, which is attractive to income investors [1] Investment Philosophy - The investment approach focuses on long-term ownership rather than short-term price predictions [1] - The analyst emphasizes valuations over target prices and has shifted to a simplified "Buy or Don't Buy" strategy [1] Historical Context - The company has a history of dividend cuts, which may be a concern for potential investors [1]