I'm still wondering what discount to book actually does. I'm really confused about that and I hear it again and again. AGNC has been discounted to book since it was 36, but it hasn't helped the pps or the dividend. I suppose somewhere in an alternet universe someone is making money off of that discount to book value thing.
Agree with you on keeping their mouths shut. The simple fear factor whenever a govenor sneezes has been driving REITs into the toilet for 2 years now. I'm going to assume you're kidding about "absence of dividend cuts". How long have you had AGNC ? I've been holding for 4 years. There is no "absence of dividend cuts". Its continual.