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ARMOUR Residential REIT, Inc. Message Board

TurboFever 8 posts  |  Last Activity: Aug 20, 2014 12:07 PM Member since: Jun 7, 2012
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  • Reply to

    Buying Ideas?

    by dmbinhburg Aug 19, 2014 10:20 AM
    turbofever turbofever Aug 20, 2014 12:07 PM Flag

    So did some of the Bimini guys go to ORC, with others going to ARR? I notice they are both located a few blocks from each other, too. I was in ARR years ago, while it bounced around in the low-to-mid $7's. Enjoyed the monthly divs and "low drama" for a little while, but as realization sunk in after a couple quarters about just how opaque management was, how little communication they gave.. And given their background.. I was lucky to sell near the highs (~7.6) as the div cutting continued.

  • Reply to

    Weak Market....Scary

    by rbgambler99 Jul 17, 2014 12:05 PM
    turbofever turbofever Jul 17, 2014 1:19 PM Flag

    Weak markets can be scary... But, uh, we don't appear to be in one ;). Or are you going to begrudge the market for dropping a little today & then mostly recovering on news that a passenger jet was shot down over Ukraine, not even offsetting yesterday's gains?

    Sure seems to me like it's continued to be a honey badger market!

  • Reply to

    ARCC just announced a SPO

    by turbofever Jul 15, 2014 5:56 PM
    turbofever turbofever Jul 16, 2014 12:33 PM Flag

    Thanks for the comments, all. I bought in at an average price of 17.0. Had hoped when it was briefly in the mid 16.9's around market open that it would take a little leg down but instead it pretty much found its footing at the offering price (16.99) and held it. This SPO went fast. Most of the shares were placed in the first hour. Here we are just 3 hours into the trading day and we're approaching the fully-subscribed level. Note that they upped the quantity of shares being sold from yesterday's announcement.

  • Reply to

    ARCC just announced a SPO

    by turbofever Jul 15, 2014 5:12 PM
    turbofever turbofever Jul 15, 2014 11:22 PM Flag

    Hello, Turbo! To answer your question, the last NAV was 16.42 at the end of March.

  • 11.9 mil + 1.78 mil (underwriter option) shares. Tomorrow might be a good entry point. Anyone own ARCC and/or have any thoughts on it?

  • Ares Capital (ARCC) just announced an SPO for tomorrow. 11.9 mil + 1.78 mil (underwriter option) shares.

    I recently started considering ARCC for my BDC portfolio, I might make use of tomorrow's weakness for entry. Anyone own it and have any thoughts? What's the last reported NAV?

  • Reply to


    by williamlebotschy Jul 11, 2014 10:16 AM
    turbofever turbofever Jul 11, 2014 4:04 PM Flag

    Started my position at 9.73.

    Have a great weekend everyone!

  • Reply to


    by williamlebotschy Jul 11, 2014 10:16 AM
    turbofever turbofever Jul 11, 2014 3:04 PM Flag

    I'll likely be buying some today as well, to start averaging in. I was hoping to see it weaken a little more but it picked up strength instead. Wow, look at that 600,000 share $9.74 bid that's on right now. Guess this thing isn't likely to go below 9.74 in the near term :).

4.23+0.03(+0.71%)Aug 29 4:01 PMEDT

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