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American Capital Agency Corp. Message Board

turbofever 2 posts  |  Last Activity: May 6, 2015 12:01 PM Member since: Jun 7, 2012
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  • turbofever turbofever May 6, 2015 12:01 PM Flag

    The stock is trading right where it should be (near $7.7) IMO. The stock used to have an .11c/mo div and traded around $11. Historically around a 12% yield. No real issues with management or performance back then. Though fees were high, they delivered a good enough return to justify it. Since then however, to say all the performance & management issues that have come up should be worth at least 1% more yield in added risk seems quite fair to me. Therefore:

    Current .08333 dividend x 12, divided by 13% = $7.692 stock price.

    P.S. I was fortunate to make $$ on PSEC, average purchase in the upper $9's, average sale in the mid $10's, various divs along the way, and lowest sale price was around 10.3's. I have no reason for any sour grapes. That said, I've learned to despise their management as #$%$. They are paying themselves many tens of millions in management fees/incentives and didn't reduce a dime when their management resulted in the div and the stock price both being cut 25%. They acted like hostile, immature and insulting babies when asked professional, legitimate questions regarding this by the Wells Fargo analyst (a couple CC's ago). I will not return while these slimes are still running the company and am probably not alone in my view. They have shown by their actual actions and attitudes that they don't care about their shareholders and are just lining their own pockets. Objectively, I wouldn't think the stock has reason for now to go much below where it's currently at, but I want no part of this company any more.

  • Late for an apptment & only have a sec to post this...

    NYMTO started trading...

    If you own NYMTP 7.75% coupon, look at selling at $24.68 and then buying NYMTO 7.875% coupon at $24.30.

    +2 years before callable, slightly higher coupon, and lower price.

    Already swapped mine.. Hope this helped someone..

18.80-0.16(-0.84%)12:05 PMEDT