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American Capital Agency Corp. Message Board

  • gary_kain gary_kain Apr 7, 2014 11:03 AM Flag

    Dr. Klumps : I have a question for you - seriously

    I can probably look this up but I know you have this info at your fingertips...
    Weren't you the guy talking about an mREIT going down Bimini Capital?
    what was the story there...and don't embellish...I need the info.
    How did it go down.

    Thanks
    Gary

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    • I recommended buying this at .10-.12. I got in at .11. I bad mouthed REIT's back in 2012 -2013, but if you had to own one, buy the cheapest one, which was trading at .11 - .12 cents a share back then, I bought a couple of 100,000 shares for principle reasons, they were dead cheap and they were going out of biz. since Orchid Capital took over management. Orchid Capital was an excellent bet too. I always look for the worst player, who stumbled badly but had a guardian angel step in to save. These buys got bailed out. Now they just earned $.25 per share and the stock price is around $.90, (nine dimes). PE ratio is under 5. I am up 9 fold on my original investment, while you guys watched AGNC go from $18 and change to 24.

 
AGNC
18.37+0.15(+0.82%)Apr 29 4:00 PMEDT