Particularly curious if others like myself who took a step back from AGNC after Q3 CY2012 are considering returning soon after earnings (assuming no unexpected surprises)?... All else equal, I am generally thinking if the quarterly div is cut to (and considered sustainable for 2013):
A) Below $1.00, the stock may "understandably" go down. I'll stay away to see where it finds its footing.
B) $1.00 - $1.05, the current stock price is probably "about right" (12.7% - 13.3% yield). Would probably start looking for buying opps on dips.
C) Above $1.05 (which seems low probability to me), the stock goes up. Would look to buy more aggressively / make bigger options bets if the #'s work.
These are just general thoughts, I'm sure there will be unexpected info in the earnings that could change the thinking. I would love to see AGNC get to a reasonable/sustainable div and return to some sort of rough trading range. I'm sure those of us who've been with the stock for over a year would just kill to have that semi-predictable div-run back again. No, really -- I have my shotgun and a shovel ready ;) (Uh oh, don't want to get Doc going about shotguns and Russian prisons again...) ;)