American Capital Agency Corp. Message Board

Thanks, Rim. Yeah, Mitch is from Chesterton, IN, and we had another player who graduated last year named Zak Novak who was also from Chesterton. I don't think they played together, but they know each. I don't know if that was instrumental in Mitch coming to Michigan ... Zak is very gung ho Michigan. BTW, he's playing pro ball in the Netherlands now, but got some days off to fly back for the Final Four.

Next year, we have two kids coming from IN: one from Fishers, and one from Ft. Wayne. Thanks for the support!!

Thanks, Walrus. Will you have a wolverine in the fight on Monday?

In gymnastics news: the Michigan men won the Big 10 championship over the weekend, and the Michigan women won their region and are headed to the national championship. It's good to be Blue.

Hey Foxy ...

You're in at a good price. NMM is best of breed IMO, but maybe a little volatile.

What do you make of NTI? Up today with the crack spread tightening, and the April shutdown here.

Now don't take that attitude. I think they just booked two $100 million deals. They'll sell the stock when they need it, and you'll do fine.

This is the correction.

Redeemed some iBonds yesterday, Doc; helping another grandkid go to college. Those things are cool. Works like a 529 account in that iBond proceeds used to send someone to college can be tax free. And, you're right, I have keep their college nest egg in iBonds away from market risk.

Hey, that's what my father did except that he confiscated it.

It's a tough crowd, Doc.

Only thing I can think of is a Fed governor's comments yesterday that they might end QE later this year or early next year. This seems to have affected not only MREIT's but other interest sensitive stocks like BDC's and regular REIT's. Personally, I think he's blowing smoke trying to get people to be cautious about the amount of interest risk they take. This economy is optimal for REIT's and BDC's, but not so good it will cause the Fed to end QE any time soon. Even if longer rates were to increase, that would be good if it doesn't happen too quick, and short-rates stay low. Hang tight.

I sold 10,000 shares recently as well [keeping 20,000 shares] as I had $2 in gains to bank, and things seemed uncertain. But, yesterday the air cleared, and I bought back in with 3,000 at $23.09 for a total of 23,000 shares, using the remainder to buy a few other sale items. Now, we'll see how the PPS goes ... I may hold thru the divy or maybe not.

Tip: A couple of months ago, I bought 20,000 of NCV for a little diversity, and it keeps inching up with an 11% yield [11.5% at my cost] for an annualized yield of about 14.5% if the PPS keeps up the same pace. I think it has about $0.50 or so yet to go based on it's current 5% or so premium with 10% more normal for this stock.

Stay on this, Foxy. It's not a home run like NTI was earlier this year, but you can earn AGNC kind of money, or better, and have some diversity. I'm still there .... 20,000 shares.

RayB ...

Are they using lithium batteries? If so, is that a problem? About 98% of all lithium comes from one South American country as I recall. I don't know if supply is an issue, or cost.

Ultimately, I don't see why the PPS should be less than MTGE, but it will take a little more history to convince traders of that. My point: it's hard to know when traders will give WMC a higher PPS based on a $0.95 divy, but the run up could be a little more than you might otherwise guess.

Not cool, Phil ...

Bought another 3,000 shares yesterday at $23.09 .... yeah baby!!

Thanks, JTrader ...

Even though it shouldn't affect the PPS, it did the last time as people don't take the time to understand. I bought after the last SPO getting in at $24.50. That price worked then, but the WTI - Brent spread was $21 then, and it's $13.50 now.

Arwen ...

You are showing superior knowledge and judgment there.

RayB ...

In Ohio, it's not even a crime to do bodily harm to a Michigan fan. If you do it at an OSU - UM game, you don't have to pay state taxes that year. I went to the two OSU - UM football games that took place at Michigan while I was going to school there. That was during the so-called "10 year war" between Michigan's Bo Schemblechler and OSU's Woody Hayes. It was the decade of the 70's, and for 10 straight years, the winner of that game won the Big 10 championship, and always figured into bowl games.