FSAM.. See what happens when you can't make up your mind? They pulled the ipo.. then they put it back.. priced at 17.. I wonder who the underwriters were, they suuuucked. I got some at 13.43.. hoping for some EOD underwriter love.. no dice. diceless.
I wonder why CNBC isn't covering this hot IPO? Too busy with coverage of "OMG it's a poofter". who cares.
Anyone know that the market broke hhhhhardd today? things were all kinds of fubar.
Why would rates be good for the quarter reported when that is for q3 and mbs was down and spread widens.
and with prepays up a little its hurting them all across the board
mbs was down about 1/2 pts and spreads widened 20 to 30 basis pts in q3
this quarter spreads are wider a few more basis pts but mbs is up about 1 and 1/3 pts - qtd for the forward thinking supposed market book value is probably up 5 to 8%
I put in a stop limit order to sell all shares at 19.60. I have a MAR 22.50 - 20.00 put spread already on. I am hoping that this stock tanks. If it does, I will buy the stock back, sell my put spread back at a profit, and set up another put spread at a lower strike. I will add shares to stay delta neutral
Good Observation...This stock really concerns me.. In their Agency category, revenue generated per asset $ employed dropped over 9% quarter to quarter. I listened to the conference call, and the company seemed to "get off" rather easily. Since rates have dropped so much in the last 6 weeks, I really thought that earnings for this quarter were going to be outstanding. Earnings were poor at best.
There were no tough questions coming from any of the analysts. I am not sure that they understand the business anyway. If the company does not improve the revenue picture, I am afraid that there is going to be another dividend cut, possibly as soon as next quarter. I am thinking of selling my common shares and buying more of the preferred. What a shame! I believe that this company has a great franchise, but it seems like they are fumbling the ball.
and then magic 5 to 10% end of year rally
por missed and missed and goes higher
xel missed and missed and goes higher
dte missed and goes higher
scg beat by 5 cents and falls 30 cents as the other 3 ttat missed go higher
just all a joke
so they wont be able to find money to pay the divi???
I mean arr doesn't make enough even on a gaap basis to pay up or taxable reit
mtge like agnc is earning the divi with core and book is fine - so they have less uti and they are in trouble??
Funny how the previous earnings release statements had MTGE's undistributed taxable income in the primary bullet points. But Q3 all of sudden you have to try and find it buried in the BS below.
So...UTI goes from 0.53 to 0.26 in Q3. That would be 27 cents of the 65 cent dividend that is coming from the frigging reserve. Thanks for the shady disclosure Gary. Hope he gets roasted for this on the CC tomorrow.
As alkov noted i like the mers and even bac-z with lower duration but that has already made a move (bac-z or as i call it "back door z"
im just saying if tlt holds up and bac-i holds up - bac-w has something to compare to and run down
i have 3k in bac-w and none in bac-i but i monitor bac-i to see what bac-w should eventually run down
I agree but the mers can get redeemed - they are trust prefs
i trade the mers as well
i gobbled up some mer-p today
what im saying is more of a comparison of w to i with the same yield and both perps - and 2% plus disparity
higher duration in w yet its trading like lower duration. As tlt goes up
So they are selling mreits like agnc becuase the shorter 5 and 10 year got clipped even though they hold 15, 20 and lots of 30 years????
Spreads widened a bit and also prepays up
but they usually hedge up when they see fear and have enough on side to cover - they always try to protect book