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American Capital Agency Corp. Message Board

  • anthony_nfny anthony_nfny Aug 6, 2012 1:38 PM Flag

    Does anybody here even know that AGNC posted a horrific loss this quarter. And the 1st in years.

    AGNC reported 2nd quarter 2012 earnings of USD -0.88 per share on 8/2/12. This missed the consensus of USD 0.86 by USD -1.73 of the 16 analysts covering this company. That is hugh and that is why it is dropping

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    • -----------
      But that does not affect the underlying reality.
      -------------

      well it certainly effected the underlying reality of a bunch of shareholders posting here... read through recent posts about the "income number" to see a new reality created out of.... well fictional thin air....

      here is a taste:
      ------------------------
      Comprehensive income is the correct numerator in earning per share
      and it was positive. ......
      ------------------------

    • >>>>>You did not identify yourself <<<<<

      did you read any of what had happened???

      >>>> You seem positive over there. I don't get it. Did NLY have a great quarter? <<<<<

      yes, they did have a positive quarter, they did release a very good report, including real profits enough to cover the dividend....
      that is probably why i sound positive over there... as opposed to negative here when i see real losses on an earnings report....

      >>>> It seems as though there are many that are expecting ANOTHER dividend reduction <<<<<<

      NLY didn't report a dividend reduction... so like you were wrong there, those many people can be wrong as easily as they can be right...
      you should be interested in what is in fact reported by the company about how they feel about the next quarter...
      rather than "many" posts from people who do not even own the stock...

      >>>>> Just check the chart comparison one more time(and again?) between NLY and AGNC <<<<<<

      so you feel it wise to do that? is the "chart" making you money? or do you just feel better that it looks like you are making money?
      what in that chart is depositing money in your account?

      someone once said: you keep charting to measure. but forgetting to measure your chart.... i don't think the chart means what you think it means.....

      as an Example of "forgetting to measure your chart":
      ReitRus advocated selling NLY just before an exDividend, then buying AGNC, waiting 3 months for it's ex-dividend instead, and another month to get it...
      in the mean time NLY produced two dividends in the same time span, and paid them both before AGNC paid once....
      so while person A: collected $1.10 on a $16 stock, Person B: collected $1.25 dividend on a $30 stock...and much later... so not getting nearly the number of shares
      during the reinvestment of those dividends... basically ReitRus cost someone following such challenged advice nearly twice their yield in what counts, the number of shares.
      I hope one would see the folly of such a maneuver, (and the amount lost in actual income and reinvestments of that dividend.... especially considering the price paid for those shares)

      it may be hard for you to fathom, but the number of shares you have of an MReit stock will make you rich, not the price of the MReit stock..
      (if you wisely reinvest those dividends in that high yield stock)..... That has been proven over and over again over the years.
      one expressing your particular penitent for charts, only shows you have not been in MReit stocks long enough to have learned that lesson.
      don't worry, you soon will learn that lesson.... (it appears sooner than i even expected now)

    • There was a change in the wording of the press release, not in anything substantive, as I said in my previous comment as well.

      Earnings press releases (and their titles) often change the order in which they present important numbers. But that does not affect the underlying reality.

    • You did not identify yourself.

      When someone says, "As I said before..." usually means what that poster had said, not for the reader to assume that it was you junky.

      I went to NLY's board.
      You seem positive over there. I don't get it. Did NLY have a great quarter?
      It seems as though there are many that are expecting ANOTHER dividend reduction. That's okay though right? The further drop in pps will keep the yield high.

      Just check the chart comparison one more time(and again?) between NLY and AGNC.
      The numbers don't lie, and are quite stark.
      And: With the dividends, AGNC is even more profitable.
      So, please give it a rest.
      Go bash NLY for their bad numbers(again?), pps drops(further?), and additional dividend reductions(OH NO!).
      You should be planning to make the jump over to AGNC, the jump you should have made two or more years ago.

    • --------
      at the link I gave you will see that everything is computed the same way every quarter
      --------

      the numbers are "computed" the same, and i will repeat that they switched their headline numbers...
      they are simply using the "net income" one quarter as their official tag line, and then the next quarter they are using "comprehensive" income as their official tag line... the one they hope the media reports.....
      notice the switch in "first" headline numbers from last quarter to this quarter....

      --------------------
      Bethesda, MD - May 2, 2012 - American Capital Agency Corp. (“AGNC” or the “Company”) (Nasdaq: AGNC) today reported net income and comprehensive income for the first quarter of 2012 of $641 million and $587 million, respectively
      --------------------
      Bethesda, MD - August 2, 2012 - American Capital Agency Corp. (“AGNC” or the “Company”) (Nasdaq: AGNC) today reported comprehensive income and net loss for the second quarter of 2012 of $480 million and $(261) million, respectively
      --------------------


      this is not real income, they did not make this money... their unrealized gains could evaporate next quarter, all you have to do is look across that line to different quarters to see the "unrealized" gains evaporate and appear depending on the market for such mortgages that they own and their underlying interest rates.... (and hedges)

    • Jonkai, I will repeat that, if you take a look at slide #20 at the link I gave you will see that everything is computed the same way every quarter. I see no evidence that anything has changed.

      Yes, they did reverse the order of "net income" and "comprehensive income" in the press release. IN THE PRESS RELEASE. In other words, this has no import whatsoever -- they were probably hoping to avoid having some people misinterpret the results.

      I am not an accountant, but I note that the "Taxable Income" item has the word "Estimated" attached to it. I am guessing this may mean that, since taxable income is computed annually and not quarterly, they may in fact realize a lot of these currently unrealized gains before the year is out. (They certainly could, right?)

      Did you listen to the CC (or read the transcript?) A lot of analyst questions, and none of them was bothered by what seems to bother you.

    • ------
      No. he was calling you out for making believe you were a different person bashing AGNC.
      ---------

      does it really sound like i'm trying to be a different person? which part of "as i said before" and then repeated what i said before did you not catch there???

    • ------
      as you've stated before, you should be happy the price of your beloved stock dropped
      ---------

      did i say any thing different than this? this isn't the NLY brd, i am talking about AGNC here...

    • No. he was calling you out for making believe you were a different person bashing AGNC.
      Caught again in a lie weren't you? Shishper shame.
      When you post as Junky, few listen, and those who do consider the source.
      Don't you need to apply bandages to your own NLY account or something(maybe finally sell?), instead of trying to bash AGNC using two different screen names?
      Are you posting such negativity on the NLY board about their shortcomings, or are you still trying to convince investors how good NLY is(was?) because of what they did six years ago?

      Most bashers I put on ignore, but you junky, are just too entertaining.

      Every new post by you makes the last even more unbelievable.

    • you're a buy and hold NLY guy....as you've stated before, you should be happy the price of your beloved stock dropped....now div reinvestment will gain you more shares!

      FYI I've had NLY since 2002 (paid 18.08/share), and still own shares, but my reinvestment has been going to AGNC.

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