And posters should ignore bashers who state without any evidence to back them, extreme negatives like your assertion that IVR's book value is between $12 to $13
ps: Entroy you're a bashers but you are at least respectfull not like some repulsive individuals that I and other posters encounter on boards, they are cowards hiding behind a PC screen with many ID's typically carying on phony conversations with themselves or 5 staring their own posts to try scare the board.
You guys are missing a big point.
You need to remember that the last dilution was huge. About 20% if memory serves me and the earnings you are seeing dont take into account a full quarter of returns on the dilution. What this means is that if all things hold, the next quarter with the money fully vested will see an increase in earning. In fact its pretty much guaranteed if they invested all the money. Also note that without the dilution the earnings were much better than $0.80 per share. The got that low due to the dilution and its timing.
My prediction is that next earning will be between $0.90 & $0.95. I also think that we will see a slight increase in BV. The insiders are not here to lose money on their investment and they all bought in before the pps collapsed to under $17. Im holding till next earnings and expect to see the pps climb to at least book once the next div is announced.
Im also holding AGNC, ARR, and NLY.
IVR is well positioned for the future. Realize that things will be pretty crazy for the next 6-9 years based on this being a cyclical bear market since 2000/2001. If you buy now and DRIP, within 20 years, I bet this will be 50 dollars at least paying 10% dividend which would give you a 33% dividend. NLY and other REITS have never really been part of a Cyclical Bull Market with NLY only catching the tail end. This stock will have ups and downs but it will not go bankrupt and will not cease paying a dividend on any quarter. An inverted yield curve is not going to happen like it did in 2000 and 2006 based on the current recession. Yeah, message boards are fun to play around with, but for those who are investing because they want good investments, I say look no further. Also, I think CMBS will make a comeback before MBS.
Call me what you will, but the fact remains I'm right and your wrong. I laugh at you and the loss of your money tomorrow. The market sees this poor earnings report for what it is. Trying to pump this dog and convince everyone you have more than half a brain cell just shows how insignificant you really are.
The book value is good. However, their earnings have been and will be declining. Management runs this like a ponzi scheme. I saw the light months back and sold out before the big drop. I like AGNC the best. I also like MAIN. I think ARR will be a buy for me again after they announce a new offering only.
Anyone else notice that their cash on hand 9-30-2011 is stated as $57 million down from $64 million 12-31-2010?
Cash is down. NAV is down. EPS is down.
Does anyone here want to give reasons why they don't think the next distribution will also be down?
And if not, then the share price will reflect the fact that most cash from recent secondary is gone and therefor another SPO is very possible before year's end.
I'm not short (don't have the nerve), just not going long again . . . yet.
AGNC, CYS, RSO and others present better opportunities in this sector.