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American Capital Agency Corp. Message Board

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  • xxavatarxx xxavatarxx Nov 7, 2012 4:16 PM Flag

    Dividend Cut and Fiscal Cliff !

    Olee. I think your under-estimating.
    On their 2Q 10Q they had 1.58 Billion in unrealized gains on the portfolio.
    Last Q (3rd quarter) they logged another 1.19 Billion in unrealized gains.
    The 3rd Quarter 10Q is not out,so I can't dig up the actual number from he 3rd quarter 10Q.

    For simplicity lets just say they have 2.8 BILLION in unrealized gains.

    Which gives them roughly 8.91 a share for unrealized gains.
    And they had what.. 1.52 of carry over?

    They have a lot of money to work with. : )

    Of course they can't just go and sell their whole portfolio either.
    And MBS prices may drop which will degrade the 2.8 Billion in unrealized gains.
    So throwing out a number like 2.8 BILLION / 8.91 a share isn't realistic.
    They will probably continue to sell a bit each quarter.

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