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American Capital Agency Corp. Message Board

sme20_98 120 posts  |  Last Activity: Nov 25, 2014 8:02 AM Member since: May 10, 1999
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  • Reply to

    The Inconvenient Data Showing the Scam

    by jimcooper28 Nov 24, 2014 3:16 PM
    sme20_98 sme20_98 Nov 25, 2014 8:02 AM Flag

    You the one with no substance--does my information come from managemenrts expertise--absolutely, thats why I have invested with them, i believe in what they are doing--basic concept of investing--believe in what you are buying. That means trusting the statements management has said. You argue against them as if you know more about the structured financing deals these guys are putting together all the time. You are a joke, probably a very nervous short who has to see that proposal go down . Either way, when the January deals start to unfold you will be gone, probably with huge losses. Not wasting anymore time with your factless rants. I can listen to you or PSEC management--hmmm-- last time I looked at my account you don't send me any checks--oh and thanks for today's dividend shorty!

    Sentiment: Strong Buy

  • Reply to

    The Inconvenient Data Showing the Scam

    by jimcooper28 Nov 24, 2014 3:16 PM
    sme20_98 sme20_98 Nov 25, 2014 7:52 AM Flag

    He leaves too many of the actual facts out of his rants. Like lower cost of capital through discounted share issues--management has been clear on this. The disolutionment you get from discounted share sales is better than the steep cut NII would take using other financing means. What don't you guys understand about that. Costly financing would actually lower BV by more. To say anything else is calling management who operates this company everyday a bunch of liars, and if thats how you feel, why would you invest with them when there are so many other choices. Coop is a worried short and January deals are coming. I personally can't wait!

    Sentiment: Strong Buy

  • sme20_98 sme20_98 Nov 24, 2014 6:42 PM Flag

    Sorry, i didn't mean to be that cruel--but you can't possibly think the large holders of PSEC care about what is said on a yahoo message board. It just doesn't work that way. And there are plenty here that understand that management has told us that that the discounted NAV issues are the lowest cost method to finance their capital needs.

    Sentiment: Strong Buy

  • sme20_98 sme20_98 Nov 24, 2014 6:38 PM Flag

    Really, you think there is anyone on this message board with the clout to have that proposal fail--man I feel sorry for you. On the other hand, I have a bridge for sale--are you interested?? COME ON MAN!

    Sentiment: Strong Buy

  • Reply to

    The Inconvenient Data Showing the Scam

    by jimcooper28 Nov 24, 2014 3:16 PM
    sme20_98 sme20_98 Nov 24, 2014 6:36 PM Flag

    It would not have increased--it would have gone down by more because they would have financed capital at higher costs than the share issuance--read the materials shorty--no one is buying your stories here any more- cover the short before things heat up in January or it will cost you dearly. Again, thanks for my dividend tomorrow. I hope they get a deal done early and trap you in your shorts!!--GET IT?!? HA HA --god this is to easy!!

    Sentiment: Strong Buy

  • Reply to

    Proposal 2 Is a Fraud

    by jimcooper28 Nov 23, 2014 1:39 PM
    sme20_98 sme20_98 Nov 24, 2014 2:30 PM Flag

    Why is it so hard for you to grasp the fact that lower earnings due to using higher costs of capital WILL impact the ability to pay the same level of dividend? Also, being forced to use financing for capital versus share issuance will have more of a possible(thus the may in the 14A) effect on the rating . These are simple facts, why do you continue to argue otherwise--you really are a short ranting here and have at this point been completely discredited by the facts--my last words here!

    Sentiment: Strong Buy

  • Reply to

    Proposal 2 Is a Fraud

    by jimcooper28 Nov 23, 2014 1:39 PM
    sme20_98 sme20_98 Nov 24, 2014 12:37 PM Flag

    Buy the way, I guess I have to add that if you are short, your not voting on anything because you don't own any shares. I meant short and telling everyone else who owns the stock to vote no, knowing a no vote is a losing way to go thus supporting your short--sorry about the misunderstanding

  • Reply to

    Proposal 2 Is a Fraud

    by jimcooper28 Nov 23, 2014 1:39 PM
    sme20_98 sme20_98 Nov 24, 2014 12:34 PM Flag

    This is my last reply to you as it hardly seems worth it but, Barry and Eliasek and the rest of PSEC management have clearly stated that the lowest cost of capital available to them is through discounted to NAV share issuances. You either believe that or you don't, but that is why they want a yes vote--period. In their view (and I trust them more than you because in your own words they have built a good investment in PSEC. I choose to believe them and vote yest. As far a dilution goes, if they don't issue the shares, capital raises will have to come from more expensive alternatives thus cutting into our NII more than discounted to NAV share issuances would--it's really not that hard to understand. So your either short and voting no or not very smart(stupid was not a nice word and I am sorry for using it) or your long and should be selling your shares because you have lost faith in the management of this company-- IMHO, I am long and will wait for their plans for PSEC to play out in January--I am really happy to see they are going the route of spinning of assets/equity positions that they view the market has undervalued. I guess we will just have to wait--In the mean time I want cost of capital to be from the most inexpensive form--discounted NAV issuances.

    Sentiment: Strong Buy

  • Reply to

    Proposal 2 Is a Fraud

    by jimcooper28 Nov 23, 2014 1:39 PM
    sme20_98 sme20_98 Nov 24, 2014 8:35 AM Flag

    This is very simple--you are either short or very stupid. If short I understand your senseless banter . If you are long this stock, and believe management is out to get you your just stupid for continuing to own what you have determined is an investment run by fraudsters and deceptive management. Either way no one here is listening to anything else you have to say because of the above. By the way shorty(I'll give you the benefit of the doubt), tomorrow you pay me another dividend--Thanks!!

    Sentiment: Strong Buy

  • Reply to

    Special dividend?

    by triloron Nov 21, 2014 11:37 AM
    sme20_98 sme20_98 Nov 21, 2014 5:53 PM Flag

    I was the strongest proponent of a special dividend, but I would have to agree that this particular investment they have targeted seems as if it will significantly drain available cash to pay one including the funds from the SPO. This particular package of mortgages seems very important to them so hopefully it was worth it down the road. After all, it is the business they are in. I would agree there is little to no chance for a special dividend now--possibly an increase to the normal would be my guess if anything.

  • Reply to

    vote yes

    by pseclong Nov 14, 2014 4:04 PM
    sme20_98 sme20_98 Nov 15, 2014 6:02 PM Flag

    Don't you think you need to look at more than 5 qtrs to judge this company,idiot!

    Sentiment: Strong Buy

  • Reply to

    vote yes

    by pseclong Nov 14, 2014 4:04 PM
    sme20_98 sme20_98 Nov 15, 2014 9:45 AM Flag

    As long as they take that 90 cent investment and make it worth $5 for me, they can do it all day. Thats why you invest in a company like PSEC. It's the whole concept--otherwise you don't belong here or should short the stock.

    Sentiment: Strong Buy

  • sme20_98 sme20_98 Nov 14, 2014 3:40 PM Flag

    I have found the GAAP earnings you referred to in the 10K for 2011--not sure why the disconnect unless E-Trade chart numbers are referring to taxable amounts, but they are clearly showing $1.28 which is what I was basing my comments on. At this point we'll just see what happens in dec--we obviously agree to disagree on the current strength in NYMT's reporting and whether it will translate into something for shareholders--I do agree there are many factors that will play into a dividend and am hoping history is on our side.

  • sme20_98 sme20_98 Nov 14, 2014 3:23 PM Flag

    Not sure where you are getting your 2011 earnings number, but according to E-trade charts they made $1.28 making over 40 cents per share in two of the qtrs, thus supporting everything i have said. Please reference your 46 cent number , i have proven mine. So it was great performance, so my facts are still in place--I have referenced mine, so prove yours!

  • sme20_98 sme20_98 Nov 14, 2014 10:56 AM Flag

    I have already agreed with you that management has many options--but the last time earnings were this strong a special dividend was declared--yes based on GAAP earnings. Taxable earnings would generate a requirement to do so, I'm not referring to the regulatory requirement. I am referring to the strenghth of their operations and historically what this management team has done. Those are the FACTS here, not what you or i think--these are factual comments--period. It doesn't mean management must adhere or are required to do any thing, but only that they have in the past

    Sentiment: Strong Buy

  • sme20_98 sme20_98 Nov 14, 2014 7:54 AM Flag

    How about if I just make it this simple as was my intention all along. The last time NYMT reported two qtrs like this back to back, along with reasonable earnings in the previous two qtrs as we have had this year, it was 2011 and they declared a special dividend that year of 10 cents. I hope it happens again this year, I don't see why it can't or shouldn't( and by the way your the one who suggested that if they didn't have the cash, they could issue it in stock, so cash position shouldn't have an impact on the decision, although i would prefer it in cash, and between short term investments and their cash balance @ 9/30/14 per their balance sheet they could easily pay it in cash. We'll see in dec.

    Sentiment: Strong Buy

  • sme20_98 sme20_98 Nov 13, 2014 1:42 PM Flag

    Sorry, but I made no faulty assumptions in hoping NYMT management would share the companies good results with it's shareholders. You continue to tie REIT regulatory requirements to what a company can issue as a dividend. They could issue a dividend that was 200% of taxable income if they so chose to--the regulations only determine the minimum required. I stand by the statement that the earnings results of this company the last two quarters could easliy translate into a special dividend at year end--not mandated by any calculation, but supported by their strong operating results. I also only point it out as it is an avenue this company has used in the past--dec 2011. At any rate, thanks for the commentary.

    Sentiment: Strong Buy

  • Some on this board are downplaying the recent blow out out earnings in the last two qtrs that NYMT has had as completely unrelated to the companies common dividend. I think there is room for both of us to be right in what we are saying. REIT REQUIREMENTS for dividend distributions are tied to taxable income and the regulators will hold NYMT to these regulations or they must pay the excise taxes if not met. These are minimum requirements in order to qualify for REIT status. But, at the end of the day, NYMT has posted earnings that after preferred's and income tax expense, and thus attributed to each common share of 42 cents in the most recent quarter and I as a common shareholder do not think it is expecting to much that some of that success might be shared with common holders in a special dividend. We all realized it is not necessarily required and even if it was(increase in underlying taxable income), the company might choose other options other than a special dividend, i don't think it is a reasonable argument to say "no way" or " you don't understand how REIT's operate". I think it is a fair comment to think the success will be shared--my last comments on the subject. My thought's are definitely starting to be reflected in the stock price

    Sentiment: Strong Buy

  • Reply to

    Voting no

    by tmfvaluemagnet Nov 13, 2014 8:22 AM
    sme20_98 sme20_98 Nov 13, 2014 8:50 AM Flag

    You really need to invest in a different company. Your not on board with management. Please take your investments elsewhere.

    Sentiment: Strong Buy

  • Reply to

    We need a NO vote

    by marionpolk2000 Nov 12, 2014 10:43 PM
    sme20_98 sme20_98 Nov 13, 2014 7:59 AM Flag

    If you don't like or trust this management, take your funds elsewhere--it's that easy--sell your stock today. If i am invested in a company,i believe they will make me money at the end of the day. I certainly expect that they are going to make money for themselves as well. If you think they are ripping you off, move on. I personally love the direction they are finally taking--looking to make some deals or spinoffs which will enrich everyone, as i have said before similar to APO. I am hoping it is similar to some of the oil/gas deals they did in past years, they made a killing on those deals and it supported our dividends for the last two years. My vote is always yes for management--otherwise I wouldn't be invested in their company--it's that easy.

    Sentiment: Strong Buy

AGNC
23.075+0.025(+0.11%)Nov 28 1:00 PMEST

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