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Federal Agricultural Mortgage Corporation (AGM)

NYSE - Nasdaq Real Time Price. Currency in USD
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128.95-0.89 (-0.69%)
At close: 04:00PM EST
128.95 +0.51 (+0.40%)
After hours: 04:01PM EST
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  • t
    tom
    Please talk about the seed company.3.7 million share float.agriculture with GMO ready to be approved
  • S
    Sherry
    I think we will see a modest dividend increase next month--probably from current $3.52 rate to $3.60.
  • S
    Sherry
    Rising crop prices probably a plus for asset quality. I have some long term concern about water supplies for irrigation, but recent rains out west can postpone this for a few months.
  • C
    Cecil142000
    I noticed this board is very quiet. I thought this stock would be worth an investing shot. Where is everyone? I only own major stocks like AAPL and MSFT but wanted to get some different stocks in my portfolio was looking at this one really hard... Any thoughts?
    Bullish
  • S
    Sir John T
    This company is still under the radar....reluctance to invest more boldly by institutions is due to past memories of Fannie Mae debacle......not a true comp. but still an influencer of investor thought.
  • Y
    Yahoo Finance Insights
    Federal Agricultural Mortgage reached an all time high at 136.41
  • a
    agthemagnificent
    Have owned this for several years..... solid and safe but as someone else wrote, not very liquid. We could use a little more liquidity and some analyst coverage!
  • S
    Sherry
    Haven't worked the Q3 numbers in detail but it looks like gangbusters to me. One published EPS est of $9.77 (golly back in the day when I worked as a sell side analyst I didn't have courage to publish estimates to the penny) would appear to be supportive of a dividend increase to $3.40 sometime in the next few quarters which gives a yield of 4.9% even after today's stock gain. Despite recent gains I think this stock is a no brainer.
  • S
    Sherry
    Agm--I love companies doing well with almost nobody following. Latest numbers show that farmers are having record incomes so lenders should do well.
    Bullish
  • K
    Kevin
    So...good earmings and profit..divvy increase...and currently down $2 a share today...that's a nice reward for performance
  • S
    Sherry
    Good quarter. A big plus--only one analyst on CC--lots of room for WS to discover this company. If earnings stay on track there will probably be a small dividend increase in the first quarter.
  • S
    Sir John T
    Very impressive report....this is not Fannie-Mae or Freddie-Mac, or some Sallie Mae scam, but a real company that has its s--- together trying to help farmers who need the help AGM provides.

    One can talk about EVs (electric vehicles) all one wants but if the country starves to death, it simply will not matter one iota.

    AGM remains a bedrock holding of my "barbell portfolio," a mix of conservative divvy companies plus a handful of biotechs.
  • S
    Sherry
    What's not to like. Growing. $3.20 div gives 5.1% yield. 2020 EPS est is 8.72 for a PER of 7X. Only one analyst per Yahoo, If any others pick it up it will be only good news. Basically serves as a kind of Fannie Mae for farm loans.
  • S
    Sherry
    Q2 numbers looked good but kind of iffy because while loan quality as reported looked fine about 1% of loans were operating under "forbearance". If these turn into problem loans--as would appear possible--reported earnings would drop. On the plus side, the only analyst on Yahoo with an estimate has an estimate of $9.75 for next year. If achieved and company holds to a 35% payout the divvy could rise from current $3.20 to $3.40 an increase of ~7% and a yield of ~4.9% at present price. A 5% yield and 7% growth is a potential return of 12%. There is a bad loan risk but IMHO this is an attractive situation for investors seeking above average current income with some growth--and I own it.
  • Y
    Yahoo Finance Insights
    Federal Agricultural Mortgage reached an all time high at 127.96
  • Y
    Yahoo Finance Insights
    Federal Agricultural Mortgage reached an all time high at 132.57
  • r
    ron
    $EGO conversation
    EGO will outperform other gold miners since not all have such a big asset. It will be JV as CEO said for funding purposes and to reduce operational risk. To do this you need a major miner like Barrick, Newmont, Agnico, Newcrest. And when you look at what buyers need Skouries fits that model because of tons of copper as base metal. $gold $nem $agm $ncmgf
    Bullish
  • m
    matthew
    can someone explain the dip?
  • D
    Danny
    I own mostly big tech, financials, health care. My broker put me in this one last week for some diversity and dividends. She really likes it. So far so good.
  • G
    Gary Payton
    $CBWTF conversation
    #chucksavoir #fantastic speeches #AGM
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