elxeneize This article analyzes Lument Finance Trust's (NYSE:LFT) 2Q24 results and earnings call. It also revisits the company's valuation and the rating (coming from two Holds in February 2024 and March 2023). Lument's 2Q24 results were not surprising, with the loan book shrinking sequentially (as the 2021 CLO finished its reinvestment period) and some loans entering nonaccrual status (a situation that is worrying but not critical given the company has managed through distressed loans before). Lument today ...