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American Capital Agency Corp. Message Board

  • dr_klumps dr_klumps Aug 14, 2013 12:27 PM Flag

    110% capital gain on this M-REIT IN 2013 !

    There are buys out there. M-Reit's who cut dividend and are building or stabilizing book value. One of my favorites at 11 cents a share, last December 13, 2012, when no one was buying and there were no buy bids. Bimini Capital Management (BMNM). If you bought this at .11-.12, it traded at that for weeks, you could have gotten out at the top at $.44/sh for a 300% or now for 109% gain, currently trading at .23/sh. You have to look at valuation and their mortgage convexity, these people realize how big you can loose betting on 0% to infinity. They learned their lesson the hard way, but now this is how you want to trade these, look for prices so low that they can only go one way, UP.

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19.70-0.11(-0.56%)Sep 23 4:00 PMEDT