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American Capital Agency Corp. Message Board

alw59saw 6 posts  |  Last Activity: Apr 5, 2014 9:46 PM Member since: May 18, 2004
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  • Reply to

    Morningstar's new rating...

    by gelt711 Jan 17, 2014 6:47 PM
    alw59saw alw59saw Apr 5, 2014 9:46 PM Flag

    "... too big to achieve the maximum financial gain possible" --- I've heard that before about a number of funds [e.g., Magellan, ContraFund, and now FLPSX). I will agree that size matters (in most things)], but FLPSX has plenty of room to grow, especially if left open to new investors.

    Consider this: FLPSX has beaten the S&P500 in 21 out of the last 25 years, including the last 15 years in a row! And, there were some very awful times in the last 15 years (Tech bubble burst; Financial market near-collapse). Many savvy analysts consider the S&P 500 a market benchmark and hard to beat; yet FLPSX does it consistently. Why is that? Perhaps because of Tillinghast's philosophy of investing in small- to mid-cap companies that are just getting started in their growth spurt. As those companies grow, so does FLPSX regardless of its size.

    Joel Tillinghast has demonstrated superior mutual fund leadership for 25 years; he knows what he's doing, especially with regard to closing the fund to new investors. He does that when adding more working capital can't be put to effect use in the market ... when there isn't much to buy. So, just sit back and rake in the FLPSX rewards and stop second-guessing Tillinghast. FLPSX is THE very best mutual fund in which to invest out of about 5,000 mutual funds in existence. You can't do better CONSISTENTLY, year after year.

  • Reply to

    A few assumptions

    by radek.bla Feb 28, 2014 7:43 AM
    alw59saw alw59saw Feb 28, 2014 4:38 PM Flag

    Share price isn't moving because there is one HUGE difference between ore in the ground and ore on the table for sale. That difference is mining, something that URI does not have the capability to do at present (or in the foreseeable future). THAT's why the price isn't moving. Once the company announces that mining operations have begun full bore at all sites --- and there is visible evidence to back that up --- investors will scoop up these shares.

    At present, there is no evidence that URI will EVER begin mining operations on a large scale.

  • Reply to

    is KMP's 24% ROE sustainable?

    by sean_erickson2000 Dec 11, 2013 12:45 PM
    alw59saw alw59saw Feb 22, 2014 11:47 PM Flag

    Ask Richard Kinder .... he knows.

  • Reply to

    More dilution! Congrats shareholders

    by kingedxxxxx Feb 7, 2014 9:33 AM
    alw59saw alw59saw Feb 7, 2014 2:41 PM Flag

    Just wait a while and you can buy all you want at $2.00 ... better than $2.60.

  • ... who said URRE was headed to $20 or $50 or the moon? Sorry, not in your lifetime.

  • Reply to

    Dividend reduction

    by dh54oil Dec 10, 2013 10:19 PM
    alw59saw alw59saw Feb 3, 2014 6:12 PM Flag

    The main concern KMM investors have is the low mortgage interest rates that will continue well into 2015. It's those rates that set the interest rates that banks and other financial institutions pay their investors. That also sets the bond market interest rates --- the bonds that KMM buys as their current holdings mature. Thus, KMM will continue to buy corporate and government bonds whose interest rate is much lower than KMM's maturing bonds.

    What that all means is that KMM's bond income from interest payments will continue to fall, resulting in further dividend cuts. It's unlikely, given KMM's excellent dividend payment record prior to this cut (it's first ever), that KMM would have had to cut the dividend if the low mortgage interest rates had lasted only a short time (a year or less). But, this lengthy low interest rate period of almost 3 years has been to hard a hit for KMM to absorb; thus the cut in its dividend. Expect more cuts and invest accordingly.

    I, for one, am steering clear of KMM until mortgage interest rates start climbing again (probably sometime in 2015). That said, KMM is STILL on my tracking radar to watch and re-enter my investment when the time comes.

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