BATESAT-1 implies that you think AGNC gets to 29 this quarter. That't fine by me. I'm looking to add here myself, a small bite. The real question is if AGNC can continue to make enough money to sustain a 1.40 dividend this quarter, if it's numbers are in line then there is no reason for AGNC to not again reach BATESAT statis. By staying under 28, the pps indicates to me that the market at this time doesn't trust that the current dividend will remain at 1.40. Good numbers will propel AGNC back over 29 and it'll be spo time. All in all, imo,under 27.50 is a good buy. AGNC seems to be wary not to have a spo. If they think that they cannot put new money to work making the new shares accretive than what does that say about the old money? AGNC cannot sell new shares at a discount here from its current pps and afford to pay us all the 1.40. In my humbly stupid opinion.
The entire equities market suffered a series of severe shocks from policy makers around the globe. AGNCs market value got caught by the tide, but that really doesnt effect it's boyancy. No SPO simply due to overall market values, and will be coming when they can get the desired PPS.
IMO BATESAT is still a good model and AGNC is a big buy right now.