I was eye balling the Jun25 puts yesterday Doc. Bid is .46 today.
I have a hard time seeing this stock falling below $25 by then.
I'm somewhat in a shelved mode though right now.
I want to see how the debt limit plays out and will by on weakness if the market eventually gets hit by the debt limit.
I bought AGNC yesterday twice: at 30.95, and 30.90.
Many of the other REITs have recovered much of the week of the 11/14 sectorwide drop.
I think AGNC will be next to recover, hence my purchase yesterday.
If trading of AGNC remains flat, we may need to wait for the upcoming E.R. to help AGNC's pps recovery.
Imo, from management's perspective, decent earnings is necessary this quarter, even necessary enough to sell prized assets to achieve such.
There are many who have never climbed aboard the AGNC moneywagon, and have been anxiously waiting 3yrs. to exclaim, "I told you it was risky", making almost EVERY quarterly earnings estimates tainted by the unbelieving.
So, imo, a bad earnings by AGNC could start a fire not easily extinguished.
It could be a NLY moment. That's what management must avoid.
This shareholder is still confident in AGNC's management which has proven time and again to be the best in the business.
Finally, why anyone would flee this stock, even if a small dividend decrease is announced would show just how much we truly do live in a climate of fear. "I'm gonna sell bacause I'm "only" earning 13% on my money".
Thanks for waking up this board,
or merely me,
Well it is a good month for me as all my Mreits are paying divis
NLY (still have some in the IRA)
Plus my preffys
I love money coming in....Hopefully in less than 2yrs my monthly divi and interest payments will be enough to retire.
Take a look at this preffy. Thinly traded and a lot of debt on the balance sheet. ADK-A
AdCare Health Systems, 10.875% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 12/1/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 10.875% per annum ($2.7187 per annum or $0.679675 per quarter)
AdCare Health Systems, Inc. (AdCare), through its subsidiaries, owns and operates retirement communities, skilled nursing facilities and assisted living facilities in the states of Arkansas, Alabama, Georgia, Missouri, North Carolina, Ohio, and Oklahoma. The Company's facilities provide a range of health care services to patients and residents, including, but not limited to, skilled nursing and assisted living services, social services, various therapy services, and other rehabilitative and healthcare services. The Company operates in three segments: skilled nursing facilities (SNF), assisted living facilities (ALF), and corporate & other. As of December 31, 2011, AdCare owned, leased and managed 42 facilities, consisted of 33 skilled nursing facilities, eight assisted living facilities and one independent living/senior housing facility, which total approximately 3,700 units. In January 2013, the Company acquired three skilled nursing facilities.
It stopped doing anything interesting.
Is it doing anything interesting?
Looks like it's flopping around with the rest of the market (look at the 5-day for the ^GSPC and tell me that's not flopping) waiting for news from the trenches in Washington.
This morning's story about the Koch brothers telling their minions in Congress to lay off the debt ceiling debate should perk things up a little, though.