Does anybody here even know that AGNC posted a horrific loss this quarter. And the 1st in years.
Same company, same management.
They missed on their hedges. It will happen to all mREITS one time or another but it happened to AGNC at an inopportune time.
No matter how you spin the earnings report, this is a money machine secured by Federally Backed Mortgage Securities paying double digit dividends.
IF you want trade this stock, you have to place very little emphasis on a GAAP measure. Mreits must pay 90% of their TAXABLE EARNINGS as dividends. TAXABLE EARNINGS are different than GAAP, is a completely different measure.