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American Capital Agency Corp. Message Board

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  • ray858945 ray858945 Jan 7, 2013 2:30 AM Flag

    So Looks Like the Brylcreem Year!!

    Doc ...

    I don't see the decision you made on HYT. Yahoo stats says it pays 15%, but when I calculate, it's about 8.3%. HYT paid an extra divy in December, and I think Yahoo did not handle that correctly when it computed the annualized return. It's now trading at about a 5% premium, and it's a bond fund.

    I have full positions in FSC and BKCC already, and a major position in PSEC all of which I started building a while back. Waiting to see what happens now. Everything nicely green at this time.

    Trivia: Golub Capital was founded by Karen Finerman's husband. She was/is a "fast trader" on CNBC. She disclosed that a while back for full disclosure.

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    • Hi Ray85...,

      Re HYT:

      I know Yahoo is messed up about the yield. You are correct in that it is trading currently @ 8.3% forward yield. If you are talking about its premium to NAV you are incorrect. AS NAV is 12.75 and PPS is 12.71, which places its purchase as a discount to NAV. If you are referring to a premium of 5% to something else, then please explain.

      I agree that there are probably safer places to make 8% presently, like AMTG-PA, CYS-PA, MITT-PB, ARR-PA and AGNCP.



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