Trading at roughly 93% of Book will protect well also. I thought the conference call was great. The fact that they have a new financing facility in place with no mark to market is really a sign that these guys know what they are doing. Very impressed. Selling is a mistake.
That's stupid. This is the most stable book value in the bsuiness . It's still trading at a discount to book value. Get a grip
For some reason my ignore button failed. It usually allows be to ignore those whose IQs aren't equal to or less than room temperature
Must have known that Chairman and CEO planned on selling 140,625 shares when he exercised option. Did you notice he still own 4,429,387 shares? So he's sold 3% of his holding and that knocks the stock down 4%? Really?
no reason to think they won't at some point release a monthly book value and div at MTGE also. Very bullish.
You and all you other logins have been calling for a crash and saying AGNC was going to get crushed. Have you ever taken into consideration the dividends that have been returned. And by the way, my 85 yr old mother could have seen AGNC was a sell in the mid 30s. No Mort REIT could sustain trading at that kind of premium to book value.
Regardless, you are on record for having told us that AGNC and the market was going to CRASH anyway. You've been completely wrong. ACknowledge that.
I appreciate your enthusiasm. But honestly I don't think you realize what these guys do. We will know book value after the close. Let's assume it will be somewhere +- $26. An MBS REIT cannot and will not trade at that kind of premium to book value. The fact that as a REIT it has to pay out at least 90% of its income means that really the best way to increase book value over the long term will be to issue stock when the share price trades above book value, and thus is accretive.
My suggestion is to keep shorting more. SOmeday you'll be right. If you survive that is. How much you lose today?
FAIR ENOUGH PACMAN. Points well taken. I will take a look. On ACAS, I've owned, or watched, for years. they have been buyers of their own stock but the stock remains at a huge discount to NAV. AT first glance TICC merits a deeper dive by me. Thanks
Completely different animal. A business developement business should never trade to its NAV. Look at ACAS, parent of AGNC. Trades at a HUGE discount to NAV
you continue to prove you have no idea what you're talking about
YOU ARE #$%$.. I happen to own Whiting Petroleum. It doesn't pay a dividend. I took a quick glance at WHX….you don't even understand what that is. It;s a liquidating trust . Wait until you see the income that gets thrown off at $80 oil. Or $70 oil. You are essentially getting your own principal back. That's why the share price has been steadily dropping. Did you pay low 20s a couple of years ago dopey? My recommendation is for you to short the snot out of AGNC and take the proceeds and invest in your liquidating trusts. By the way mortgages tightened to both the curve and swaps today.
Shorts should note that since the IPO in 2008 @ $20, they've paid out $28.91 in dividends. Their last book value was $26.26. Since 2009 their economic return has been 206% while their peers have returned 86%. Since their IPO they have returned 250% while the S&P 500 has returned 29%. These numbers are from their Q2 presentation, so 6/30 numbers. Obviously trading around $4 cheaper than book value. Great management.