the whole world is gone
and the reason is because the screen is absent - all trades get routed and off the screen - that allows he who can push the screen around to game it - ie nite/getco who control nearly 50% of the flow
see bro today - downgrade but there was on bidders - big sell order he who cheats hit a few bids out and pushed it 3 bucks lower and got the 100k print off 1 pt lower then if there were bids and traders as there usd to be with bids on the screen
so they earnd 100k extra for cheating
this is whats going on - just no one on the screen adn all retail trades are internalized for the most part and the push and push and push continues - bdcs crushed but #$%$ gbdc is up 1.7% really? why - cause no one offers on the level 2 - and so they are pushed around easily
I believe arcc has paid up relative to the sector - its up 2 to 3% on the sector since the offering
sector down near 2.5 to 3% and arcc up from say 17.65 to 17.75 to 17.85 range adjusted for the divi
SO IF YOU can only have one move into something that might spring up 25 quick cents
else they seem like they have similar p/b after tcpc adjusts down and similar yields - not so sure about composition of what they have but both seem solid
last time tcpc it dipped and they came in and just ran it up and hard and never stopped
I dumped my arcc and bought others on dips and will add this
ill add arcc on dips but sell rallies in it slowly too
Reik do you like ARCC or TCPC better.
I bought some ARCC.
The thing is I'm not sure I want to be holding secondary flips on two BDC's at once.
Would you swap?
BTW, busy week, so probably gonna be quite out of me on the forum.
It's all just such a joke. MTGE @ 18.20 with much less rate risk than AGNC due to the non agency offset.. plus MTGE will have a higher yield on book value... it's just stupid.. MTGE should be doing so much better than this $18.00 to $18.20 range... Should be like 0.95x book or 0.90x book.
nobody on the bid for FDUS today......getting hit hard just 1 week after divvie of .76
omg wahhhmbulance time! It's total return since 07/01/2013 is still positive. It was likely propped up when the same seller was buying back on days like 8/19 and 7/5..
seriously.. it's outperforming every index (today) cept the nasdaq.. But the nasdaq is full of trash and dreams.
Super cheap stock and pays a huge covered dividend that will be maintained in Q4.. under performing AGNC as of late even though AGNC has no non-agency to see improvements on due to the better economy. Non-agency works as a hedge and the MSR deal means nothing i guess.. 3% extra ROE and less basis risk is bad i guess.
Try and calculate a dividend discount model valuation on the stock and let me know if it makes sense.
Unless rates are going up 2% immediately and mreits never pay out another dividend it just doesn't.
Currently 18.82% discount.. What #s do you need to know? Right now it's trading -96.49% of average volume versus peer average of -95.26%. Thats an intraday kinda stat... umm..
YoY change in distribution yield is... 2.06%.. So last year based on price and (higher) distribution, it was yielding 2.06% less. AGNC was yielding 0.28% more..
Northstar Realty announces public offering of 50 mln shares of common stock (NRF) : Co announced that it has commenced an underwritten public offering of 50 million shares of common stock. The Company intends to use the net proceeds of the offering to: fund the cash portion of the purchase price for the acquisition of an approximately $400 million portfolio of manufactured housing communities that it currently has under contract and make other potential investments relating to its business.
Ooohh. Zing.. How could they not?
.02 = $7,324,253.38
Are you saying that the repurchase program will last longer than 1.5 years? This must be the douchey impostor owenbaily; with requisite thumbs up'd post. #$%$ you very much.
You don't think of share count when the distribution is announced and say.. aw gosh thats a lot of money. Meh.. whatever,
luvpizzasj: The taper irrational behavior goes up and down.. Take the short-bus-kid's money if they want to sell at the bottom and bid it up the next day (see 12/6 and 12/10 as an example). But yeah.. quite funny.. How far are people expecting MBS to drop when a 6x leveraged REIT has a pb discount of 24.5%? Because of the principal repayments.. Even a 3.5% coupon wouldn't fall too far below par because of the nature of prepayments. People don't make their principal payments at market value of the bond.. they repay at par.. and that really juices the yield.. You can make mistakes with CMOs tho, that are structured so that you're the last sucker to start receiving principal payments; no matter what the prepayment speeds are. So.. if you're doing any of that.. read the prospectus for each and every. They're real page turners.
problem is, a long term purchase of 6 million shares from a company with over 365 million shares in float is irrelevant.
For long term, the increased share repurchase is a great thing for investors. I just hate that taper fears and irrational behaviors drive the share price further south.
MFA has paid .22,.22,.50,.22,.28 and now a year end of .20 -
I'd say they're doing just fine. .02c cut on ~360 float to repurchase 6 mil shares for around 7$. 7.2 million cut in distribution payout and an increase of ~42 million $ (more accurately 6milnshares). You see how that works out? I'd love it if people got worked up about this.
yeah but this discount is huge and the sensitivity MTGE has to rates is going to be very low.. book will hold up very well especially with the non-agencies offsetting much of the agency declines. Not to mention the MSR servicer buy and the move into MSRs
hrm.. maybe that wasn't you on the offer. I only guessed because of your reply. Anyways.. I don't operate like that.... all that often. I think the word I'm trying for is 'whimsical'