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American Capital Agency Corp. Message Board

ray858945 190 posts  |  Last Activity: Apr 17, 2014 2:43 PM Member since: Sep 17, 2012
  • Reply to

    Investment Company

    by easlar Mar 2, 2014 1:50 PM
    ray858945 ray858945 Mar 2, 2014 5:23 PM Flag

    OK ... part investment and part social ... only you can assess the value of working that way. GL

  • Reply to

    Investment Company

    by easlar Mar 2, 2014 1:50 PM
    ray858945 ray858945 Mar 2, 2014 4:36 PM Flag

    easlar ...

    Thanks for the clarification on APO ... I should have been more cautious about something which I have never bought or examined.

    Man, you guys are doing a lot of work for an unclear benefit. If you are a C Corp, then other laws will apply which vary from state-to-state. Example: In Calif where I live, you would have to pay taxes with a minimum "franchise tax" of $1,200 [I think] per year whether you make money or not. There may be filings and shareholder meetings which are required, etc. What do you get for the honor of letting someone else make your stock picks?

    I do all my own investing. I invest seven figures, and had a 38% realized return for 2013 [would be more if I counted unrealized gains]. You don't need someone else to make your decisions for you. I think the board agrees with that sentiment. GL2U

  • Reply to

    Six Contradictions of Socialism in America

    by thom988 Mar 1, 2014 6:49 AM
    ray858945 ray858945 Mar 2, 2014 3:10 PM Flag

    Poor baby, did the Dem make you mad? Interesting how the right-wingers believe in the Constitution except for the part about free speech.

  • Reply to

    Putin is a pain in the butt

    by raybans2 Mar 2, 2014 11:54 AM
    ray858945 ray858945 Mar 2, 2014 3:07 PM Flag

    Let me be sure I understand: a major global war would be healthy. Is that what you're saying?

    As for a U.S. response .... If you were President, what would you do? Do you think that Putin will be kept in check by strong language?

  • Reply to

    Six Contradictions of Socialism in America

    by thom988 Mar 1, 2014 6:49 AM
    ray858945 ray858945 Mar 2, 2014 2:59 PM Flag

    The size of the Federal government and government in general is declining under BO. There are fewer government employees now than when BO took office. Every month, government has fewer employees ... about 29,000 fewer last month as I recall [that's a one month decline]. Our employment statistics would look better except for the relentless decline in government jobs under BO. Reagan, Bush I and Bush II all added lots of government employees, but don't let a few facts get in the way of a good story boyz.

  • Reply to

    Investment Company

    by easlar Mar 2, 2014 1:50 PM
    ray858945 ray858945 Mar 2, 2014 2:07 PM Flag

    I don't understand the 14 - 15% when APO is paying less than 2% and PSEC about 12%.

    I don't know what benefit you get from this that would offset the likely disagreements over investment choices, etc. I also think you should check out any laws or regulations that may apply here ... not sure there are any as I have never looked into it or invested this way, but there might be something [e.g. someone needs to be a broker dealer to invest other people's money].

    I would forget the idea. Put $2,000 in PSEC, and put it on DRIP. Frankly, it's not enough money to spend much time on. GL in any case.

  • ray858945 by ray858945 Feb 28, 2014 3:34 PM Flag

    Glad I added some after the spin ... wish it had been more. To the Moon, Alice, to the Moon.

  • Reply to

    "New Media holds interest, but not a buy yet"

    by zyg49 Feb 26, 2014 9:37 PM
    ray858945 ray858945 Feb 28, 2014 3:27 PM Flag

    Have you figured it out yet?

  • Reply to

    Next spin off

    by hopefully_right Feb 28, 2014 2:51 PM
    ray858945 ray858945 Feb 28, 2014 3:23 PM Flag

    I have some in the frig right now: Newcastle Brown Ale

    In college, I had a class with a guy who got off his job at a bagel shop just before class. He always brought a package of bagels with him to class, and shared with me. Hmmmmm ... still warm from cooking. It was my best class. Now if he would have worked at a liquor store; hmmmm ... Newcastle Brown Ale.

  • Reply to

    Placed My Limit Order 1500 More shares @ 11/share

    by h92661 Feb 28, 2014 12:30 PM
    ray858945 ray858945 Feb 28, 2014 3:15 PM Flag

    Now there's an investor: starts a war in the Ukraine to get his price. Bravo.

  • Reply to

    Placed My Limit Order 1500 More shares @ 11/share

    by h92661 Feb 28, 2014 12:30 PM
    ray858945 ray858945 Feb 28, 2014 1:58 PM Flag

    I added 2,500 shares today at $11.05 .... long 55,000 shares now .... I love this stock.

  • Reply to

    If you really want to know

    by dar200 Feb 28, 2014 1:10 PM
    ray858945 ray858945 Feb 28, 2014 1:43 PM Flag

    I like my short meat with fava beans and a little Chianti. Hmmmmmm ...

  • ... that they have promised more than they have delivered so people tend not to believe them. When you read the comments on this board, they invariably show disdain for RSO's failure to meet expectations. While actual performance might have been better, I don't think that is the real issue ... not when they've been paying 13%+. ((I must admit that all of my buys are at the low $6's or lower.))

    One thing I noticed about this last CC is that they seem to be realistic in their assessment of the future. Prez didn't say that they would cover the divy this quarter, he said by the 3rd quarter. In the meantime, they will be paying the $0.20 divy throughout 2014. I think they can do both of those things as the economic environment for REIT's continues to be extremely positive.

    If they do the above, and if we extrapolate for another year [I know, many think those "if's" are too big] then my targets would be:

    2014: $0.20 divy and $7.50 by year's end [about a 40% annual return from here]

    2015: $0.25 divy and $8.50 by year's end [about a 55% annual return from here]

    Many think this is nuts, but it is going to happen. Buy when everyone is selling. GL2A

  • Reply to

    open letter to the board

    by wintersfamily0793 Feb 26, 2014 10:13 AM
    ray858945 ray858945 Feb 26, 2014 5:01 PM Flag

    Schwartz ...

    Bingo.

    Hey, did you know that the actor Tony Curtis' real name was Bernie Schwartz ... maybe he's a relative. Heck, he's dead now ... you could claim him as a cousin ... who's to know.

  • Reply to

    open letter to the board

    by wintersfamily0793 Feb 26, 2014 10:13 AM
    ray858945 ray858945 Feb 26, 2014 2:31 PM Flag

    Ad ..

    Good post. On the CC, Cohen said that he expected to cover the divy by the 3rd qtr, and that they would continue the divy through the end of 2014.

    I totally agree that they are in a transition. They survived the fall, however, and paid substantial - albeit lower - divies throughout. There were companies that did not make it at all.

  • Reply to

    open letter to the board

    by wintersfamily0793 Feb 26, 2014 10:13 AM
    ray858945 ray858945 Feb 26, 2014 12:52 PM Flag

    If your 13% divy has been reduced by 25%, then you are getting 9.75%. At $0.80 a year, that means you paid $8.20 a share. When did you do that? It hasn't been that high in over 5 years, if ever. If you have owned for over 5 years, then you have received back your entire investment. Poor baby.

    I like this management, I believe that a year from now the stock will be at $6.50+ and the divy will be covered at $0.80, and on the way up. trhoja is right, maybe you need to find something better.

  • Reply to

    quick question

    by datheif2002 Feb 26, 2014 11:25 AM
    ray858945 ray858945 Feb 26, 2014 11:30 AM Flag

    Today is ExD so the price dropped $0.11 because of that, and has recovered some.

  • Reply to

    Well it happened again

    by mysonchino Feb 26, 2014 11:14 AM
    ray858945 ray858945 Feb 26, 2014 11:27 AM Flag

    Chino ...

    I can't believe you go on-and-on about this. Why don't you just sell the remaining 600 shares, and find something more to your liking. Are you shorting this stock?

  • Reply to

    PSEC

    by logicaldeduction Feb 26, 2014 10:40 AM
    ray858945 ray858945 Feb 26, 2014 11:12 AM Flag

    OK ... I don't see the drop coming in any significant way at least, but the next couple of weeks for BDC's could prove interesting so keep your eyes open. GL

  • Reply to

    PSEC

    by logicaldeduction Feb 26, 2014 10:40 AM
    ray858945 ray858945 Feb 26, 2014 10:49 AM Flag

    I like the 12% return which has been very consistent over the past couple of years, and the monthly pay check. This is probably the highest dividend out there that will not keep you awake at night.

    You look like a short to me. Unfortunately for shorts, there is a mountain of interest and willing buyers of this stock on any dip. Today is ExD, and the price has almost been recovered already.

AGNC
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