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American Capital Agency Corp. Message Board

  • xxavatarxx xxavatarxx Feb 6, 2013 4:48 PM Flag

    NLY earnings

    I await Jonk..

    It didn't seem to bad.

    They had a few eye openers though.
    Book dropped quite a bit - $15.85 for Q4 vs $16.60 for Q3.
    OCI loss was huge - (1,016,365)
    CPR is still high at 19%

    AGNC should fare better in these numbers.

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    • nly's earnings releases are almost 'purposely' hard to understand and interpret. and now that they've been forced to buy crexus etc. it's hard to know what their business model is going to be going forward. i say 'stay away' ... agnc's earnings release will be a model of clarity by contrast; whether agnc's results will be stellar i can't say, but at least we'll know what happened and - following tomorrow's cc - we'll have some decent idea as to what mgmt sees going forward. that said - i think an offering remains a risk if the stock price approaches bv and perhaps even if it does not; the quest for mgmt fees have a way a clouding good judgment. there is perhaps a better chance for an offering over at mtge as that stock already trades above book ... is that why mtge sold off a bit today?

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