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American Capital Mortgage Investment Corp. Message Board

  • faaqcee faaqcee Mar 11, 2013 2:37 PM Flag

    MTGE Post Spo

    Imo, whoever handled the spo is still feeding shares into MTGE, keeping a lid on our dividend run-up.
    Too many shares infused too late into the quarter might be the reason.

    Does MTGE need to file again before the next spo?
    If so, this may be a keeper for me until that occurs,
    or at least until MTGE recovers somewhat after the ex-drop.

    MTGE's recent spo came at a time MBS prices were low.
    That could make for a bang-up ER in April.

    Imo, a further MBS price drop may spur another MTGE spo,
    after the ex-date,
    and after a modest ex-date pps recovery,
    giving MTGE yet another opportunity to expand the company.

    I think... I am holding some and possibly all of my MTGE shares through the ex-date,
    --unless we get a substantial spike in pps before Friday.
    Imo, that doesn't look like a promising occurance at this point.

    Any thoughts fellas?


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    • It is just the market being the market. Considering that CYS announced after the close on Friday that it was cutting the dividend by 20% (10.5% yield) and CYS ended today unchanged, MTGE deserves to be much higher given its 13.8% yield. I'd much rather own MTGE than CYS, NLY, IVR, etc.

      Sentiment: Strong Buy

    • That could very well be happening. I also think the pps was driven to this range because the blowout earnings had the street looking for a dividend raise. Obviously, they stayed true to the AGNC method and used the excess earnings to cover the new shares in an SPO. Generally, I think its trying to find its range right now. The same dividend produced a high right around this level last September.

      I am surprised at the behavior since the announcement, but we've got until Friday for the spikes to start sticking. I think we'll see 26.50. Higher if we gain traction tomorrow.

    • what do u mean by "stillfeedin g shares", please? ir told me this spo was closed/filled before it was ever announced to the public

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