ha ha so silly
how was cmo a bad play??
when did he call it out went up big before many of the others when management stepped up their intent to buy
it ran 5 to 12% on most and then sputtered.
i like anh much better to cmo short on that pop to 10
but what was so bad about it.
arcc is buying acas at 14.95 minus the stripped out part that agnc is buying
total deal for acas is 14.95 + 2.45 so 17.40?????
is that the way to view this acas was 15.62 so 11% premium for acas but its a ratio and cash deal so you see arcc down 3% or so now and that will affect acas.
why is agnc up 62 cents?????
thats my key question
Yeah and nly isnt agency but sure wants to behave like it
overall i have anh versus some nly/cmo/mfa etc
anh up to 25% now in non agency
but other day it was pure agency that was supposedly about to get clipped
and so i would think that anh would beat nly if its a pure agency as market pretends or pure agency cmo in actuall or other hybrids such as mfa and two (yes differnt things) but magically they were all better
somewhere one of them needed to be not better aand i took that bet.
they will come back in line. but yes little by little anh isnt purely good against cmo as a bet.
but then again there are some other positives for anh
much much better yield - much lower p/b etc etc cmo made its move and was up near .90 p/b. anh was near .79
and company buying back shares in anh (they just disspeared all of a sudden ha ha) but if you look back a few weeks - when the sector hit down 1 to 2% anh was up on the day - the buyer came in at 4.75 and was just buying and buying
so i expect that it will happen again - one day anh will just stick and pay up - or mitt should pay up to one of them
or mtge should pay to agnc as it would be agnc taking mtge over not the other way around.
there is just some stupidity out there.
you saw it in utilites and magic dominion woke up and nee which was running silly just stuck.
now its es that has rolled over big to the sector and one day it will just magically beat them all by 1 to 1.5%
a few weeks back es was stupid up adn then rolled over
over and over they rollup and roll down and then there is corsage the fruit rollup
See kkr and ebayl and tmk adn others
while soja held up because it got whacked first. For 2 days
And anh has much much lower p/b and could and should be a takeover target really.
they and mitt and mtge in many ways
ivr too internally with invesco but thats run wild and p/b has gone quikcly
i would take mitt over with its low p/b and tons of uti
Rather be big in anh
and shorting the cmo
anh has legacy hedges that hurt their income book wouldnt be as good but divi would be good enough
looking for 3% on anh versus cmo/mfa
no use now being in high duratino new issues
when get this there are just as many low duration others down as much as high duration
load up the low duration and they will rally with less less duratin risk for sure
arh-c thats low medium and thats pure quality
of fsd maybe nibble near 26. to 26.20 with a divi soon
or watch elb or ela near .40 to .45
divi around corner and low duration
lots of otehrs too
wfc-j near evens get some
not worth it
note a b and c have appreciation index imbedded
a and b about 2 bucks each adn c about 1.60
thats messing your thinking perhaps
Based on the weighting among our top 20 markets established under the terms of our 5% Series A and 5% Series B Participating Preferred Shares, cumulative home price appreciation for the period from June 30, 2013, to December 31, 2015, was 16.04%, resulting in a Home Price Appreciation Factor of 8.02%. The Home Price Appreciation Amount on our 5% Series A and 5% Series B Participating Preferred Shares through December 31, 2015, was $2.005.
Additionally, based on the weighting among our top 20 markets established under the terms of our 5.5% Series C Participating Preferred Shares, cumulative home price appreciation for the period from December 31, 2013, to December 31, 2015, was 13.00%, resulting in a Home Price Appreciation Factor of 6.50%. The Home Price Appreciation Amount on our 5.5% Series C Participating Preferred Shares through December 31, 2015, was $1.625.
that means really they are much lower for comparison purposes.
they are what up near 26 and divi very soon
so about 26 ex the divi but really more like 24 and 24 and 24 if you strip the accumulaed pricing participating index amount
just in case you didnt see that
might still make money on it but i stayed out due to that
but of course it was busted
I DONT SEE ANYTHING BUT IT WOULD BE NICE
MAYBE A $475MIL AND SAY 6%
PSA RECENT ONE 5.125% IS VERSUS A RECENT 5.4% SO MAYBE SOUTHERN DOES ONE FOR 6 TO 6.25%
I DONT SEE ANYTHING BUT IT WOULD BE NICE
Spread the risk buy ela or elb
ela hit down to .40 today
ela and elb both have divi in a few weeks strip it out and its near 25.00 to 25.15 range
thats lower risk then emz right now
i have little of all 3
efm is very illidquid
if you need to be in there go with all 3 of those
or eaa dips
but divi stripped out ela and elb are better bets but they probably are gonna jam up and not be able to run like emz will but ill take the smaller up moves that come with lower risk and smaller down moves
26.04 or so now
still have a little bit