For the March 2013 quarter, our net investment income ("NII") was $59.6 million or $0.26 per weighted average number of shares for the quarter.
Our net asset value per share on March 31, 2013 stood at $10.71 per share, a decrease of $0.10 per share from December 31, 2012. We estimate that our net investment income for the current June 2013 quarter will be $0.26 to $0.32 per share.
7 more quarters like that and they won't have a carryover earnings to worry about unless they cut dividend severely. Maybe they need to quit paying all the bonuses for the new originations because this will really hurt if it continues. Freeze new loans if it means you make less money.
SELL AFTER HOURS. SELL FAST GET $11 IF YOU CAN. YOUR STOCK WILL FALL TO $10.50 SOON. IMO. Sorry to sound like Jade.. but seriously... That is pretty bad. Lower NAV when asset prices are shooting up. Wow.. lol. Forgot PSEC. They suck. So happy I am with MTGE. Even though MTGE had a 0.50 EPS loss last quarter.. i know why they missed and I see positive signs and good earnings for MTGE continuing in the future quarters.. and at least I can look up real time mbs prices and know whats going to happen.. no surprises and all mark to market assets.