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American Capital Agency Corp. Message Board

  • r42442 r42442 Feb 8, 2012 4:32 PM Flag

    look at MTGE now up .76 ah

    Iposted on feb 7 to look at MTGE REPORTED 1.72 A SHARE AN A BV OF 20.76 UP .91

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    • I suspect MTGE is the treasured new baby and will get a larger portion of parental brilliance and attention. .. and it is not limited to agency notes.

    • From the press release:
      "We are pleased to announce our first full quarter of results for MTGE since going public in the middle of an extremely volatile third quarter," commented Gary Kain, President and Chief Investment Officer. "Despite the very challenging environments on both the non-agency and prepayment front during the latter half of 2011, we were able to grow our net book value to $20.87 per share, over 4% above our IPO price of $20.00 per share. In fact, MTGE produced an annualized economic (or mark-to-market) return of 34% for the fourth quarter, through a combination of $0.80 per share in dividends and net book value growth of $0.91 per share. As we look forward to the rest of 2012, we continue to be very optimistic about the future of our business and feel the Company is in a very strong position to continue to produce attractive risk-adjusted returns."

      I bought MTGE at 17.3 because it is managed by the same team as AGNC. Given the stock price appreciation and the dividend, MTGE has outperformed AGNC since I bought it. It also announced no cut to the dividend!

    • That's cause it only has a small float.
      Somebody over-bought 250 shares AH and drove it up to like 20.85.
      Each AH trade after it broke mid-20's is a whooping 250 shares.
      Woot Woot.

      See how it settles tomorrow.

      You can see it trading down AFH off the peak.

20.71-0.15(-0.72%)Jun 1 4:00 PMEDT