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American Capital Mortgage Investment Corp. Message Board

stockmeister3 1 post  |  Last Activity: Apr 30, 2014 5:47 PM Member since: Jun 22, 1999
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  • same mgmt (AGNC) went into detail re: the benefits (profit, financing and tax) of being long the TBA mkt for the qtr (adding $.14 tax advantaged cap gains for the qtr) and yet in handling MTGE's agency portfolio they were net short TBAs resulting in a net $.04 loss for the qtr and foregoing the profit, financing and tax benefits that they touted in their AGNC presentation. It looks like they may have reversed this strategy as of the end of the qtr - but I'm very confused as to why the same mgmt executed different strategies for the qtr ... very confusing/ disturbing. It also looks like they didn't execute much of a buyback - presumably because they were using all their excess cash to ramp up their loan servicing business - sort of the tail wagging the dog it seems to me.

19.89-0.03(-0.15%)Jul 24 4:00 PMEDT

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