they are the worst
for sure sell the rallies arr
buy the dips in the others
so down 10% and lets run to 15 years and oh mbs rallied big
so they will see 3 to 5% bounce only if they are lucky as they left hedging on in full (or should say in fool)
and better value elsewhere for sure.
You know they reported right? QoQ economic return was nasty. -6.84%. 4.75 bv.. core of .15c; etc etc..
NIM was better; though the premium 15yrs they bought would trash the yield if CPR starts to rise. CPR was crazy low @ 4.8%. I'm glad they got rid of most of their agency ARM allocation.
ADDED 12K MYSELF TODAY
THEY WILL DECLARE VERY SHORTLY AND .32 TO .34 PROBABLY COMING
OTHERS ADDING SHORT PUTS LOWER OUT IN APRIL OR SETPEMBER I THINK
20 TO 50 CONTRACTS JUST TO FEEL SOME OUT
THE 8'S I THINK
AGNC, MTGE, CYS AND MITT (MITT WAS 3/5 LAST YEAR)
SO LOOKING FOR LONGS ON ALL DIPS.
SHORTING MFA ON ITS RALLIES AS ITS LAST IN LINE AS WELL AS ANH
That's not a bad way to raise capital at all. It's akin to an offering over nav, over market price, but before fees - fees can really take the wee out of an offering's stated price. Regarding cloak and dagger type of issues; the institutional investors may not want that information to be public or something of that nature. Though you may find such info on the sec website.. either in a 13F at the end of the quarter
This is an issuance @ 7.81, no fees.. when stated NAV at end of quarter was 7.09.. It's good news for any FULL shareholder... accretive to NAV in a big way. Nice vote of confidence from whomever they transacted with.
yeah.. bizd is quite terrible.. so just a warning in case you think it's a golden nugget (not saying you think that).. its just a painted turd.
owen.. BIZD is not a leveraged etn.. It's an ETF (1x) and would have some tracking error.. BDCL is 2x monthly perf of the index.. and being an etn doesn't have tracking error or day-to-day re-balancing.. Look at BIZD's expense ratio. Is that a joke? Multiple sources list it as 8.33% of AUM.. wow.
yeah, from time to time the stop loss pinata is hit.... just to see if any candy comes out.. It is empty.. But I recognized this little ditty (it happens in other stocks too). I was hoping that this "shake-a-muppet syndrome" move would make things a bit more panicky.. but nope.. In Jan, when the stock was in the mid 7s.. that kind of action would send the stock down 18c real quick. Not so much now.. Poor #$%$, what will they manipulate profitably now that all of the bed-wetting, quick-selling "shareholders" have been flushed from the space.
and yep.. I still own just as much CYS as I always have. :) I even (opportunistically) add to the bucket when shares get called.
all it says is "This offering was placed directly with certain institutional investors".Also states "we have not retained any underwriter or placement agent, and we will not pay any commission or underwriting discount in connection with this offering"
sounds a little on the shady side...................why not say where they were placed?
??? not mitt.. that was probably in reaction to the rather annoyed tone between the analysts and management on the conf call for mitt. Call started at 10:00AM.. q&a a little later.
Thanks for the reply.
Yes they did just buy back a bunch of shares,
and that buyback has proven to have been profitable for them, so far.
Will management just seed them back in slowly or will they wait until the price is right for a spo though.
I don't think ACAS would receive any fees for seeding them back,
but they WOULD get a hefty fee for a spo.
Is it necessary for MTGE to get rid of the re-purchased shares first, legally?
MTGE's last spo# was greatly larger than the amount of recently re-purchased shares,
so a spo of any substantial size could use those shares and add many more to the cap,
again, making parent ACAS money through fees.
That is one part of their ultimate business model, gaining their parent ACAS profits through fees paid at spo time while growing the company.
ha ha eod i mean i feel stupid after i wrote that but i was burnt out
and what is morningstar