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American Capital Agency Corp. Message Board

  • engie095 engie095 Mar 27, 2013 3:28 PM Flag

    AGNC - MTGE while we wait for an SPO

    AGNC's last reported (2/7/2013) book value was $31.64. Now that that PPS is approaching 103% of BV, we're getting close to, or already in, SPO range. Given the widening spreads, AGNC might see the potential investments with SPO money as too tasty to pass up (even only at 102-103%) and pull the trigger now. MTGE is still below last reported book ($25.74) so much less likely to SPO. Of course, what their current BV is...I have no idea and no way to appropriately estimate it.

    I have no options in either at the moment (very heavy into WMC though), but I shifted all my AGNC stock into MTGE.

    Any thoughts?

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