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American Capital Agency Corp. Message Board

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  • xxavatarxx xxavatarxx Jan 7, 2013 1:21 PM Flag

    OT: JMI

    I'm waiting for JMI's earnings to get more info.
    All they had released when I looked was an initial 10Q which said they had 1.1Billion on Agency MBS, and 100 Millio in Non Agency.

    They IPO'd literally at the worst possible time for MBS prices.
    So all that fat comprehensive income all the other MREITS are getting should be absent at JMI.

    They should also see a decline in book when MBS prizes go back to normal.
    Maybe that is a mis-leading statement. Probably all Mreits will see a decline in book.
    But JMI didn't get a gain in book since they came out of the gate when MBS was at it's peak.

    Anyhow, at least for me. If their quarter looks ok, I'll try to add a small stake if I can get in on a dip.

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