Is there a likelyhood of MTGE lowering it's dividend
this quarter? Here we have MTGE paying nearly 16% and no one wants it. Anybody got an explanation? What has changed? Is this all just market setiment based on the assumption that REIT's are over now because of the low spreads? Even though AGNC/MTGE management says they are prepared. Figured MTGE was the better choice because of it's non-agency leaning. Didn't this just get upgraded to $27 a week ago. Is this all pessimism because Obama is still in office? Doesn't "book value" mean anything. If this keeps dropping and the 90 cent divy is certain. Isn't this quite a bargin? Looks like MTGE is going off it's own fiscal cliff.
Everything you said is true except that they are likely to raise the dividend. Thats how great they are doing. Buying in here is easy money. In is likely that big money will step in soon and get a lot of easy cash fast like big money always does. Just do not give your shares away cheap to them and buy more in any way you can...easy money at this point. Strong buy at this level easily!