I've been waiting for a pullback to buy,lesson learned just buy when you can
By buying back the preferred A they will save $14,000,000 million a year in Div. payments...Excellent move AGNC management...IMO the common shares will increase over $22.00 now that there is less drag from the Preferred A Div's...The common is at a good entry price now...If you would have bought AGNC when it was originally issued at $20.00 a share you would have collected over $37.00 in Div's and still owned your shares and still collecting...Point is that the mREITS like AGNC work best if held over long periods of time...I collect about $2,500.00 a month and then reinvest in additional AGNC shares while it is at the current attractive level...AGNC was a $36.00 stock when the spreads on mortgages were larger and there profits were bigger...Fast foward and I see the mortgage spreads once again expanding and AGNC increasing to about $25.00 over time while you collect the Div's...My opinion only...
Soooooooooooo, Thats why they raised the $500 million in additional common shares...This is a very good think for the Common Shares because the Preferred shares were a negative because AGNC had to cash them the Div. each 1/4er...Now there will be more $ for our common share dividends...AGNC share price will rise over $22.00 soon on it's way to $25.00 over the next 12 months IMO...I am long $300k and adding more shares each month as it is $20+...
if agnc is making more money than expected, why do they keep raising money. now I can see replacing 8% debt with 7% debt. But how much you wanna bet agnc save very little money if you deduct fees and commissions. I don't think agnc should be doing things for banks. they should be doing things for us.
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What does thisuy back of 8% preferreds mean to the common--short and long term.
Volume is good . A break of 21.76 could move it up to 25.42 in short term. Technical strong buy at stoxline.
I notice the preferred stock on this AGNCP is yielding almost 8% why risk buying common when preferred yields only slightly less??
So funny. The pref. is better! The sp. has only gone up $1.15 in a year. The fools will say it's about the div. which has fallen as has book. In a record market this tiird had done sqwaaayyydouche. Yet posters will brag and blow over 10% div. In a record market. The pure definition of LOSER!
Great Earnings Report>>>>Are you folks that sold sad now that you sold?...
AGNC likes the strong return numbers and their investments for future stability. That being said, the Book dropped 6 cents. Hope they can keep the divi up.
Great Earnings report...Are you still glad you panicked and sold?
What the eff is wrong with this stock??? What a POS.
Anyone have a good site for reliable updates on dividends, including ex-div dates? Yahoo seems to lag.
Not the result I expected after the good earnings report.
American Capital Agency posts 2Q profit BETHESDA, Md. (AP) _ American Capital Agency Corp. (AGNC) on Wednesday reported second-quarter net income of $17 million, after reporting a loss in the same period a year earlier. The Bethesda, Maryland-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, were 67 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. The real estate investment trust posted revenue of $293 million in the period. Its adjusted revenue was $181 million. American Capital Agency shares have risen 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.17, an increase of almost 8 percent in the last 12 months.
covered 50K at $20.77 look up trade. Now waiting the short again, and again. good spread....mmmmm I made more today on 1 trade than the div. hey the div. is 1/2 what it use to be. book too. way to go kain. lol