Mon, Nov 24, 2014, 4:50 AM EST - U.S. Markets open in 4 hrs 40 mins

Recent

% | $
Quotes you view appear here for quick access.

American Capital Agency Corp. Message Board

sme20_98 68 posts  |  Last Activity: Nov 21, 2014 5:53 PM Member since: May 10, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • this qtr? Haven't they said as much because of asset sales? That is how they covered the dividend going back two years ago. Isn't that the business they are in? Invest in these companies, be paid interest income on our debt/equity investment and if profitable, sell off our debt /equity for a capital gain as was done last month. When PSEC shows .35 to .40 cents of earnings for the qtr next month, this stock goes back to where it belongs trading between 10.50 and 11.50.--JMHO.

    Sentiment: Strong Buy

  • Reply to

    Here's another piece of the puzzle to consider

    by carl_icahnt Nov 7, 2014 8:23 AM
    sme20_98 sme20_98 Nov 7, 2014 8:41 AM Flag

    The mind set of the spinoffs--and i am simplifying this--but you take an asset with net value on PSEC's books of say $1 and spin it off on its own because of our successful investment experience with said asset it hopefully increases on its own exposure significantly more than staying in the PSEC stable. This asset monitization is part of why I invest in PSEC. Kind of like APO, but with more balance towards income. So you trade the $1 NAV in PSEC for a multiple of that in a spinoff. Yes PSEC assets just went down(liabilities will also go down for the associated debt, which frees up leverage for PSEC to do new investments), but you as a shareholder just increased your overall investment substantially. I will always trade you a dollar if you give me back two, or three, or five, or ten. Listen to the CC today for the details. I think this is the most exciting part of their business model, and I can't wait to see it develop. They just became much more thasn an ordinary BDC.

    Sentiment: Strong Buy

  • Holds about 4.5 million shares now. I think I'll hold onto mine for now--can't wait to see what January brings, but I am betting with the insiders who keep putting all of their dividends back into new shares.

    Sentiment: Strong Buy

  • Reply to

    Great Earnings-Looking at Special Div at Year end

    by sme20_98 Nov 4, 2014 5:13 PM
    sme20_98 sme20_98 Nov 7, 2014 12:52 PM Flag

    Net income attributable to common shareholders was 42 cents--i'm not referring to any GAAP numbers--GAAP has nothing to do with the amount upon which NYMT will pay dividends. Both of the last 2 qtrs have significantly beat the .27 cent distribution made by NYMT. The last time this happened in 2011, they made a 10 cent special dividend at year end. I am expecting the same again this year in December--SO yes i know what a REIT dividend is based on--DO YOU?

    Sentiment: Strong Buy

  • Thats all this is. PSEC has significant oil investments and oil is currently in a free fall due to strong dollar and supply glut. This will all smooth out over time, as oil supply will be cut and pricing will come back. You can see it in the charts just today--oil started off very poorly this morning taking PSEC down sharply this morning. Oil has rebounded back to unchanged and PSEC has improved right along with it. PSEC already has stated that they will exceed expectations in the third quarter due to asset sales/gains of 11 cents. I know that is a one time event, but thats how these equity BDC's make money --buy low and sell high, and pay the profits to us. Also, ownership is extremely invested in their company, both from a managed perspective and personally. All this is is a great buying opportunity for those of us that got out a month ago when the earnings report left out the dividend statement going forward. Since the sale of assets, PSEC has declared one months dividend and with earnings, I think they will announce the additional two months that had been left out. IMHO no dividend cut at this time. The 11 cents will give them several months of cushion.( if you are short 6 cents per qtr, 11 cents takes you almost 6 months of coverage with the current dividend.)

    Sentiment: Buy

  • sme20_98 sme20_98 Nov 12, 2014 9:43 AM Flag

    Man, how many shares are you short--you are really in desperation mode loser! You better cover before January--as the deals begin to flow, PSEC PPS will too. If management delivers, and they continue to invest as if they expect to, worrying about the current dividend will be old news--value of deals to shareholders will blow the current dividend away. When the market starts to envision this as management does you won't have a chance to cover. Your thinking old PSEC here and not considering the future as it was laid out in the CC. Management is excited about their propects and is putting their money where their mouth is--that's good enough for me--much better than your outdated analysis.

    Sentiment: Strong Buy

  • When the sub shares are converted to common , total common will increase 52,500,000 units from 39,375,000. Based upon the last distributable income numbers, if the two had been combined we would have seen a pay out of .565 per share instead of .623. Not much of a difference and still north of 20%. I'll take it. The larger issue is always going to be production levels and once management is fulling sharing again(sub shares) incentive to maximize production might actually be a good thing. Not saying they aren't doing their best now, but certainly will be in the best interest once the shares convert. JMHO of course, but I am looking forward to the conversion. At these prices PER is a strong buy.

    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

  • Reply to

    Anything less than .44 cents

    by forager3215 Nov 6, 2014 11:50 AM
    sme20_98 sme20_98 Nov 6, 2014 12:56 PM Flag

    44 cents?? Are you crazy? If they hit 44 cents the stock will explode to new highs. 27 or 28 cents plus the 11 for a total of 38 or 39 cents is my guess. Thats a substantial beat on the 33 cents divy as management has already stated the quarter will be and enough excess to continue to pay 33 cents quarterly going forward. I am not bothered that the excess is from a one time event. Our last one time event produced enough excess to increase the dividend and maintain it at 33 cents until now. Its part of their business to invest and sell investments at a gain. You have to consider normal investment income along with their capital gains in determining whether they can continue paying the current divy and right now the answer is yes. IMHO stock is a steal at these prices and won't stay here long once new divys are announced going forward(perhaps with tonights earnings)

    Sentiment: Strong Buy

  • Last message from PSEC concerning earnings was that asset sales in the third qtr(Fiscal 1st qtr). will create a substantial beat for earnings adding some 11 cents to the bottom line. This stock is a steal. Any other forecast just isn't substantiated at this point. Goes back to BV @ 10.50 plus in MHO.

  • Reply to

    Screaming Buy

    by blassy987 Sep 25, 2014 2:11 PM
    sme20_98 sme20_98 Sep 26, 2014 10:36 AM Flag

    An amended 10K was filed recently and i think it renewed the thought that because the last two calendar years showed downward production estimates that the stock might be overvalued. Still at the adjusted estimates, the trust will deliver over $21 in payout per unit, so it seems like a very slight risk at $10 or below . New wells have been drilled and if they have any increase in production/pricing, stock price will soar. I think all bad news is priced in at this point. Production would really have to take a hit to justify any lower pricing from here. The closer we get to a dividend announcement at the end of October, the closer to $12 we will get again.

    Sentiment: Strong Buy

  • Reply to

    todays drop

    by jay_money_01862 Sep 25, 2014 9:52 AM
    sme20_98 sme20_98 Sep 30, 2014 8:08 AM Flag

    Just because there are short players who try to play the dividend stocks after ex date for drop offs, doesn't have anything to do with the health of the acual stock. NYMT had a strong qtr, and there is no reason to think they won't follow it up with another. JMHO of course, but they had serious earnings and a strong increase in book value.

    Sentiment: Strong Buy

  • Reply to

    Below 5 in October

    by sjsrhs Oct 6, 2014 5:28 PM
    sme20_98 sme20_98 Oct 7, 2014 8:35 AM Flag

    Thats not going to be the case going forward here--where do you make this #$%$ up from. They are paying out only royalties from earnings after expenses and taxes. It will be the case for the next 17 years. If production doesn't provide distributible income, then none will be distributed, but there is no indication of that at this point other than some of you shorts making stuff up. Have the production levels been as high as originally thought? No. but they are hardly non existent. Current levels are supplying $2.50 plus in dividends and this will slowly taper off, but there is no evidence its going to be zero next year--conversely, at the current rate even with a taper, your entire investment will be back in your hands in less than 5 years, including subordinated share impacts(when they convert to common). this current price is a steal.

    Sentiment: Strong Buy

  • Reply to

    Below 5 in October

    by sjsrhs Oct 6, 2014 5:28 PM
    sme20_98 sme20_98 Oct 7, 2014 8:15 AM Flag

    Man I hope you are right--I will own more than half a million dollars worth and collect 4 times that in dividends--and thats on the conservative side. Please go to 5!--NOT going to happen loser--will be 11 to 12 by end of month dividend announcement, which will be .64 for common holders. A 7% dividend by itself based upon current prices. When you shorts cover in two weeks, this thing will rise 50 cents a day--its just a matter of when the covering begins. For now, you keep selling and i will keep buying.

  • sme20_98 by sme20_98 Nov 6, 2014 4:58 PM Flag

    Exceeds even my high expectations. Congrats to the guy who thought 44 cents. Even though I think you were sarcastic,you were right. PSEC management has a great plan going forward and the spin offs sound great all the while we are collecting a nice dividend. Not sure how high it can go from here, but it will definitely be up

    Sentiment: Strong Buy

  • Major earnings beats in the last 2 qtrs adds up to a 15 to 20 cent special div at year end. Might even see div increase going forward. This one is a big winner.

    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

    Screaming Buy

    by blassy987 Sep 25, 2014 2:11 PM
    sme20_98 sme20_98 Sep 25, 2014 3:55 PM Flag

    I added 4000 new shares. This price is great based on the expected dividends, which have been met for the common holders in the recent past.

    Sentiment: Strong Buy

  • Reply to

    .17 down all of a sudden, why?

    by nonameoilworker Oct 2, 2014 11:07 AM
    sme20_98 sme20_98 Oct 2, 2014 11:11 AM Flag

    Someone unloaded a significant number of shares--over 600,000. Thats what is driving PSEC lower.

    Sentiment: Hold

  • sme20_98 by sme20_98 Sep 30, 2014 2:44 PM Flag

    xum53 continues to post non-factual posts about NYMT in hopes of lower the price as he/she is short the stock. As always, do your own DD.

    Sentiment: Strong Buy

AGNC
23.17-0.02(-0.09%)Nov 21 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.