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American Capital Agency Corp. Message Board

sme20_98 75 posts  |  Last Activity: 21 hours ago Member since: May 10, 1999
  • With Taberna now behind RAS, they can focus on the things they have been putting in place for the last two or three years. Significant investment in Multi-family properties which are climbing in demand and thus increasing in income and value. A dividend increase at the end of this month and the short rats won't be able to get out of each other's way fast enough.

  • Reply to

    It's over........

    by tohskcub Sep 2, 2015 2:59 PM
    sme20_98 sme20_98 Sep 3, 2015 6:49 AM Flag

    Point is the income statement and thus earnings will NOT be affected this quarter as the expense was already shown in the third quarter of last year--Already counted against CAD.

  • Reply to

    It's over........

    by tohskcub Sep 2, 2015 2:59 PM
    sme20_98 sme20_98 Sep 2, 2015 3:41 PM Flag

    Sorry, expense was in the 3rd qtr last year for the exact amount. Point is, this expense has already been accounted for and is now finalized.

  • Reply to

    It's over........

    by tohskcub Sep 2, 2015 2:59 PM
    sme20_98 sme20_98 Sep 2, 2015 3:33 PM Flag

    I believe it was already expensed in the 4th quarter of last year--take a look there. For financial purposes, this is a non event in that the amount was unchanged from what has already been expensed.

    Sentiment: Strong Buy

  • Reply to

    Earnings are a Bummer

    by muckahoy88 Aug 30, 2015 9:10 PM
    sme20_98 sme20_98 Aug 31, 2015 10:39 AM Flag

    My point which you completely missed was that you were trying to make comparisons between 14 and 15 and how things were much worse and going in the wrong direction without showing the entire picture of the Taberna exit which is critical to RAS being successful going forward. Not understanding that by making a comparison of operations between the two time frames would show a complete lack of understanding for where RAS is as of today--and after all that's whats important isn't.? It is to me.

  • Reply to

    Earnings are a Bummer

    by muckahoy88 Aug 30, 2015 9:10 PM
    sme20_98 sme20_98 Aug 31, 2015 7:53 AM Flag

    Tired of continuing to straighten out your mis- information. Your so called operating results include Taberna net margin interest numbers which were exited by the company in December 2014, thus to be fair, you should look at the change in fair value numbers as well which were always big write offs due to the Taberna positions. Read the note 1 which is highlighted by the earnings number for 2014. Operating earnings are just fine , are positive without Taberna for the first time in a long time--take into account asset sales, for which RAS has positioned themselves well(we have 5 to 6 cents again in this qtr per share) and RAS is finally on a roll. Stop with the bummer stuff, it's just not factual.

    Sentiment: Strong Buy

  • Reply to

    Comment and question on CC transcript

    by jrfillion Aug 28, 2015 2:29 PM
    sme20_98 sme20_98 Aug 28, 2015 2:46 PM Flag

    I believe NOI is net operating income. Also, I confirmed with investor relations that the SO was done for an immediate deal. Money is being put to work in a high ROE lending business. Also BV was $6.27 prior to the deal and is roughly $6.17 or a 10 cent difference or just 1.6% of previous BV--not 13% dilution. People keep forgetting that the company got 40+ million from the share sale. They didn't give the shares away!

    Sentiment: Strong Buy

  • from the younger generation who tend not to sit still in one spot for long so they rent instead of owning. RAS has positioned itself well in this market owning these properties with fast rising rents, selling those at peak for significant gains, and managing a company who does the same(IRT), while collecting management fees and owning a significant investment in the same. WIN-WIN-WIN--I am all in RAS ,love how they are positioned and will now start reaping the benefits of the last five years of positioning. All my opinion of course, but tell me where I have missed out. By the way ZACKS investment feels the same way--not to bad.

    Sentiment: Strong Buy

  • sme20_98 sme20_98 Aug 28, 2015 7:27 AM Flag

    Again, part of their business plan--buying and selling real estate at a gain--Isn't that what some do in the stock market to make money? You guys are clearly missing managements intent here, perhaps you should understand a stock before attacking it's management.

    Sentiment: Strong Buy

  • Reply to

    what counts for determining dividend

    by muckahoy88 Aug 27, 2015 6:32 PM
    sme20_98 sme20_98 Aug 28, 2015 7:23 AM Flag

    Buying and selling properties is part of their business model--when are you going to get that straight. When they are successful in selling at a gain we will see an increase in the dividend or a special payout. In the mean time, CAD of 21 cents net of the property sales was more than adequate to cover an 18 cent dividend. PERIOD.

    Sentiment: Strong Buy

  • Reply to

    mr foulger sir

    by muckahoy88 Aug 27, 2015 10:31 PM
    sme20_98 sme20_98 Aug 28, 2015 7:14 AM Flag

    I have found most of your postings to be NEITHER accurate or correct. CD's would be a good choice for you at this point.

    Sentiment: Strong Buy

  • sme20_98 sme20_98 Aug 27, 2015 6:33 PM Flag

    Buying and selling real estate is part of RAS's business plan. Why should the gains from such be ignored?

    Sentiment: Strong Buy

  • Reply to

    RAS facts as of today -

    by sme20_98 Aug 20, 2015 8:13 PM
    sme20_98 sme20_98 Aug 21, 2015 12:39 PM Flag

    In addition to my previous comments, the only 8 million dollar "adjustment" as you would call it that I see in the financial statements for the quarter is for the change in fair value. As I stated, RAS has Taberna debacle behind them, and it is nice to see their investments now gaining in value. If you were willing to say the negative changes to to Taberna mattered negatively, then isn't it fair to include the positive increases now as a positive instead of just discounting them? Seems like you want to make the numbers work for your negative mindset only and not care about presenting the factual picture as of today. If it's all the same to you, I'm sticking with the facts.

  • Reply to

    RAS facts as of today -

    by sme20_98 Aug 20, 2015 8:13 PM
    sme20_98 sme20_98 Aug 21, 2015 12:09 PM Flag

    Dilution Factor??? I'll just stop right there. Again just the facts of what has happened, not what you feel might happen. By the way, the market reaction to the stock price has NO impact on the BV of the companies assets.( unless of course they are invested in themselves which is not the case. Capital raise as I said, per the company was for investment in a high return lending company assets where i do believe their goal was to obtain a return north of 18%. You keep saying you don't care about book value, but all you do is whine about the issuance. Take the market's actions and use it to your benefit before it is too late and a dividend raise and another great quarter are announced . I believe they have already estimated CAD of between 26 and 27 cents. So I guess they found replacement income for that Texas property. All factual comments from what has been released by the company--not my impressions or feelings. No room for your emotions in investing. Go forward with the facts that are in front of your eyes.

    Sentiment: Strong Buy

  • Reply to

    I begin to think

    by jrfillion Aug 20, 2015 1:57 PM
    sme20_98 sme20_98 Aug 21, 2015 8:18 AM Flag

    I use the latest quarter to document what i think reality is going forward for this stock. Management delivered exactly as planned and stated(estimated). What happenned three, five years ago would only matter if the company was going in the same direction. They clearly are not. The new share issue represented part of a new investment in a lending company with a high ROE according to investor relations. If they were repeating the past I would agree with you. But the last quarter with CAD of 21 cents(I know it was 37 cents, but 16 was from property gains) and 2 cents GAAP earnings( a positive GAAP number hasn't been seen by this company in how long--and again I know it was 21 cents but that was also the property sale). If they see fit to raise the dividend next quarter--they certainly have the annualized CAD to do so-- and earnings continue to be positive as they are finally trending, PPS will follow

    Sentiment: Strong Buy

  • No bashing, no finger pointing--just factual statements.
    1. RAS has floundered the last few years due to a poor investment in Taberna securitizations which as of the December quarter, the have put behind them.
    2. RAS in combination with their IRT position have built a formitable investment in multi-family properties on which strong rental income and capital gains from sales can materialize due to the strong demand for such in the market. Rental rates on properties held are increasing every qtr due to their demand.
    3. The share offering that occurred after the fantastic qtr of reported earnings was dilutive, but by less than 2% of BV and was used as an investment, per investor relations, in a high ROE lending business . Isn't this what management is supposed to do for us, find new opportunities for earnings--less than 2% really was not that big a deal--you can squawk about it all you want, but it really didn't cost that much versus the return it will create--it's impact has really been overblown on this board--fact--less than 2%.
    4. CAD and GAAP income are on the rise.

    Enough said--all factual, no estimates or fingerpointing.

    Sentiment: Strong Buy

  • Reply to

    mr foulger is very sensitive

    by alankane77 Aug 19, 2015 2:07 PM
    sme20_98 sme20_98 Aug 20, 2015 3:37 PM Flag

    Completely understand your comments, would only correct that the stock issuance they did did not change book value by very much at all--certainly not 10%. It was actually about 10 cents in total to adjusted book value or about 1.6%--not really the big deal it has been made out to be by the market and this board. Good luck with RSO.

    Sentiment: Strong Buy

  • Reply to

    mr foulger is very sensitive

    by alankane77 Aug 19, 2015 2:07 PM
    sme20_98 sme20_98 Aug 20, 2015 7:49 AM Flag

    I am glad to see that you can only comment negatively on the past of RAS. I am invested in them because of their last qtr and the future of this company. Significant holdings and investments in multifamily real estate which is skyrocketing in demand and now short in supply--great assets to be owning and looking to leverage. Taberna debacle expensed and behind them thus clearing the way for increasing CAD and GAAP earnings. Thanks to the shorts for giving us one last shot at this company before it takes off--the analysts at ZACKS have clearly noted it , only a matter of time now.

    Sentiment: Strong Buy

  • Reply to

    BOOK VALUE

    by muckahoy88 Aug 13, 2015 4:44 PM
    sme20_98 sme20_98 Aug 14, 2015 7:39 AM Flag

    Your clear and complete misunderstanding of something as basic as BV and some of your other comments document a clear misunderstanding of basic investing concepts. My comment wasn't to insult you. Sorry if you took it that way--it was merely a suggestion based on what i have read coming out of your comments. I don't have to be a DF follower to have made the comments I have made. All of my comments have been factual and based upon management documented comments and DF or not, I am comfortable that if RAS continues to deliver as they have these past two quarters post Taberna, the PPS will be much higher than it is today. Those are the facts. You are either a last desperate attempt at a calculated short and know perfectly well what you are doing or you are clueless to investing--I'm not quite sure, but other readers deserve to know the facts and not your deal with just your endless rants.

    Sentiment: Strong Buy

  • Reply to

    BOOK VALUE

    by muckahoy88 Aug 13, 2015 4:44 PM
    sme20_98 sme20_98 Aug 13, 2015 6:36 PM Flag

    Sorry, just had to comment--YOU shouldn't be investing at all.

AGNC
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