Credit Suisse sees NLY as a likely add to the S&P 500.
Yes, FSC dividend tomorrow then a post-SPO, first ex after SPO hangover.
Reik - your info is old...he's already out of AGNC and on to CYS!
He makes you look like a long term investor. I need a spreadsheet to keep up with all his trades and comments.
CYS is my favorite play. Even with today spanking, it is still holding up fine vs. the REM short.
They should report on 10/16 after the close (the call in 10/17 a.m.). They'll cover the dividend and then some with core and show an increase in book.
I know what you are seeing with NYMT and DX vs. MFA but I was looking back a bit further and MFA didn't have the same run up from say the end of August to middle of September as NYMT and DX did (especially NYMT which got a bit silly vs. the rest of the sector).
But, yes, MFA may very well stay flatlined after the dividend and NYMT may turn and trend up.
Yes, I had MFA long to DX short. MFA just flatlined but the DX short made the pair pay off nicely.
I don't know about the MFA short. With no dividend run up, it is going to be further under the stale 2Q book than both DX and NYMT after ex.
Form 4 for WMC just out...President and CEO (Gavin) popped for 1000 shares at 15.807 on Friday.
He should have bought more.
Good pickup on Potbelly, Owenbailey.
I still have my FSC. I covered DX short today. Still have MFA long. I also bought some WMC and paired it up with AGNC short. AGNC was up almost 5% on WMC this past week.
I was on the JMP website on the date of the webcasts but they didn't broadcast MITT like the others mReits we were talking about here (MITT was listed but their was no link to the webcast on JMP's site).
CYS said they weren't going to do buy-backs a few quarters back but then changed their mind when the stock got hit and stayed down.
MITT, until more recently, has enjoyed a decent premium to their book and to the rest of the sector but now things have changed for them as the luster has worn off. I wouldn't be surprised if they change their mind, too.
XX - I was looking at FSC today for a shorter term trade. Back to lower end of the recent SPO range. Sector has been a bit weak though. FSC's next ex is on the 10th.
MITT long to MTGE short looks good here. With the 10 year and MBS up nicely again, CYS to MTGE looks good here, too.
I was just commenting on what IWB posted. AMTG had some poor timing this quarter and are getting hit for it. Sure at some point it becomes oversold but right now there are easier longs if you are going to hold over the earnings report. CYS held tight and got smoked for it when MBS was selling off. Now that MBS has recovered somewhat and is holding up, CYS becomes the easier long.