Ellington Financial's Historical Value Creation May Offer Insights Into Its Future Returns (NYSE:EFC)

Ellington Financial, Inc. ( EFC ) is a real estate investment trust, or REIT. The company “[acquires] and [manages] mortgage-related, consumer-related, corporate-related, and other financial assets,” according to its website . Of those assets, 89% are mortgage-related, according toMy name is Xinyun Hang, though I go by Charles Hang. I'm a value investor who focuses on companies with high free cash flow yields, especially those that are trading at a low EV/FCF (enterprise value to free cash flow) ratio. I li ...