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American Capital Agency Corp. Message Board

  • munirqasim42 munirqasim42 Feb 7, 2013 6:36 PM Flag

    I am unable to figerout what kind of earning report is. Is it good or bad?

    I am $10k in the hole at the moment for 2k shares. They say they earned only $0.36. Does not make sense if they have to pay $1.25 dividend. Any body with stamina to read this long report and deciphering greek phrases.

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    • CYS's earning report is even more confusing.

    • Muni: Please don't take this the wrong way but if you can't figure out the earnings report for a particular company, you're not investing, you're gambling. Suggest you stick with companies with which you are familiar and can comprehend their earnings report and then make an informed decision whether to continue with that investment or sell and move on. AGNC is one of the more complex companies in the marketplace.

      Good luck

    • I can appreciate how you feel; REITs are difficult and mREITs are very complex, especially AGNC. Stay long, at least till XDIV. They will continue 1.25, and possibly raise it if coming quarters are as good as expected due to TBA dollar rolls. As someone pointed out, it is taxable income that is most important. The mortgage market is a market and values fluctuate; they had paper losses (that means unrealized) that subtracted from taxable earnings to get the .36/sh but taxable was 1.93/sh. We will get a nice bump in SP here and another bump when div is announced.

      Sentiment: Buy

    • yourbestfriendintheworld yourbestfriendintheworld Feb 8, 2013 10:03 AM Flag

      i believe it was called "good or rather 'more special'" by one of the questioners on the conference call, and everyone seemed amenable to that terminology

      this company is the nuts. i have little bad to say to anyone willing to go all-in on it (other than the un-diversification risk that raises)

    • I've been following AGNC for years and this is a good earnings report. Stay long.

    • Munir, it looked pretty good. The only concerns are CPR ticked up 1%, and their portfolio took a decent hit in unrealized gains.

      For the dividend, you want to focus on these numbers.
      Your dividend comes from that 1.93 taxable income.
      They also added to the undistributed taxable income yet again which is good.

      $1.93 estimated taxable income per common share
      $1.25 dividend per common share declared on December 14, 2012
      $2.18 estimated undistributed taxable income per common share as of December 31, 2012. Represents an increase of $222 million from $518 million as of September 30, 2012 to $740 million as of December 31, 2012

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