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American Capital Agency Corp. Message Board

  • faaqcee faaqcee Feb 22, 2013 3:57 PM Flag

    OT: NMM

    NMM is trading at 13.44, down from its recent pre-ex high of 14.84.
    It's a little early in the quarter to get too excited though, imo.
    I'd like to see 12.36 for me to jump in this early.
    Anything sub13 in a few weeks would be a buy for me.

    Good luck,
    FOXY

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    • Hey Foxy ...

      After several years of avoiding NMM, I decided to go in. Much of the PPS decline is due to the recent SPO as well as the dividend as you mention. I mistimed it, and have a $13.80 average price, but I did get the $0.44 divy so that's part of the reason.

      I like [1] the fourth qtr report which was very strong, [2] analyst upgrades, [3] the SPO which they have a history of using wisely, and [4] the recently announced US-EuroZone free trade zone which I think is likely to happen [won't be blocked by the Repubs], and will be very positive for NMM.

      In the meantime, we get a 12.50% divy. If you get your price, my hat's off to you ... I don't think it's going much lower.

 
AGNC
19.55-0.12(-0.61%)Aug 27 4:00 PMEDT