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American Capital Agency Corp. Message Board

  • reits_r_us reits_r_us Aug 27, 2012 11:57 AM Flag


    Not too late. I've been telling you about WMC. Good management. Close to BV. 14+% yield. Infancy of early growth. Take a look!!


    Sentiment: Strong Buy

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    • One of the few that are up today. No sore back, no reaction to the overall market, out for its early morning sprint, must be nice to be young....;-)


      Sentiment: Strong Buy

    • How much further do you think it runs? And is this what you would consider a good longer term investment (similar to how AGNC started near 20s and eventually rose) or something to play more for the short term

    • Good comments by all. It is primarily agency, has good management and is in its growth phase. Read TJ's SA article for a pretty good summary. My plan is to continue to accumulate short Puts on any down days.


      Sentiment: Strong Buy

      • 1 Reply to reits_r_us
      • lnhirst Aug 29, 2012 3:29 AM Flag

        Insider Transactions Reported - Last Two Years
        Date Insider Shares Type Transaction Value*
        Jun 25, 2012 SHERWYN STEVEN M
        Officer 10,455 Direct Statement of Ownership N/A
        May 17, 2012 JAMES GAVIN L
        Officer 5,300 Direct Purchase at $18.62 per share. 98,686
        May 15, 2012 CARR TRAVIS
        Officer 2,000 Direct Purchase at $18.70 per share. 37,400
        May 11, 2012 FOX EDWARD D
        Director 5,400 Direct Purchase at $18.76 - $18.77 per share. 101,000
        May 11, 2012 JAMES GAVIN L
        Officer 5,300 Direct Purchase at $18.68 per share. 99,004
        May 10, 2012 FULTON STEPHEN P
        Officer 78,000 Direct Purchase at $18.62 per share. 1,452,360
        May 10, 2012 CARR TRAVIS
        Officer 2,000 Direct Purchase at $18.65 per share. 37,300
        Beneficial Owner (10% or more) 100 Direct Statement of Ownership N/A

        Data provided by EDGAR Online
        * = Where indicated, some values are estimates.
        1= Potential proceeds estimated by the filer.
        2= Estimated based on the average of multiple prices reported.
        3= Multiple dates reported. Most recent date shown.

        Currency in USD.

        All Major Holders - Insider Roster

        Sentiment: Buy

    • Doc - Looks like WMC is primarily focused on non-agency RMBS and CMBS. WMC also has some agency RMBS. As of Jun 30 2012, the leverage was 8.3 which seems high for this asset mix. As a comparator, the leverage for TWO which has a 80:20 Agency:Non-agency mix (and a tiny amount of residential real estate) is 4.3. Thoughts?

      • 1 Reply to farmapharma
      • Took a quick look at the 10-Q and found this:

        "Western Asset Mortgage Capital Corporation is primarily focused on investing in, financing and managing Agency RMBS. Although our core investment strategy is focused on Agency RMBS, we may opportunistically supplement our portfolio with non-Agency RMBS, CMBS and ABS, which we refer to as our Potential Target Assets. We finance investments in Agency RMBS and our potential target assets primarily through the use of repurchase agreements"

        Looks like all agency now and maybe an emphasis on some non later? The more I learn about this stock, the better I like it. Good management, entering the industry in a widening spread environment. Many things to like about the Mreit industry and this Company.

        Just need to pick the winners ;)

        Sentiment: Buy

    • lnhirst Aug 27, 2012 3:52 PM Flag

      Doc, how much of an issue do you consider the low daily volume of WMC to be? Wouldn't the stock be more vulnerable to manipulation? My sidline cash is driving me nuts. I want to park the $$ somewhere, but absent high risk. Thank you in advance for any insight/wisdom provided.


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