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Albert Alfonso  

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  • American Capital Agency: Unloved, But Still Outperforming [View article]
    To taper or not to taper plus the uncertainty in interest rate policy. Both are negatives for mREITs.
    Mar 1, 2015. 02:36 AM | Likes Like |Link to Comment
  • American Capital Agency: Unloved, But Still Outperforming [View article]
    brep,

    A nice dividend. However, one has to be disappointed by the price action. If it were not for the FED meddling, AGNC could be 15 to 20% higher.
    Feb 17, 2015. 01:32 PM | 5 Likes Like |Link to Comment
  • American Capital Agency: Unloved, But Still Outperforming [View article]
    coolsoupy,

    I am long AGNC and like to analyze/write about the stocks I own. This is in order to either confirm my long or confirm the reasoning for exiting the position.
    Feb 17, 2015. 01:31 PM | Likes Like |Link to Comment
  • American Capital Agency: Unloved, But Still Outperforming [View article]
    pantherdoc,

    Gary Kain comments were bearish. However, given the large discount to book AGNC is already trading, the net impact should be minor.
    Feb 17, 2015. 01:28 PM | 1 Like Like |Link to Comment
  • American Capital Agency: Unloved, But Still Outperforming [View article]
    Donkey Dust,

    What is it you did not understand?
    Feb 17, 2015. 01:27 PM | 1 Like Like |Link to Comment
  • American Capital Agency: A 26% Total Return For 2014 [View article]
    DHL,

    Ok, I'll take the bait.

    Since 1/1/2014, AGNC has returned 26%

    Since 1/1/2013, AGNC has returned -7%.

    Since 1/1/2012, AGNC has returned 17%

    Since 1/1/2011, AGNC has returned 39%

    These are all total returns. So, share price gains/loss plus any dividends. In other words, AGNC has seen very robust returns in most years other than 2013.
    Dec 17, 2014. 09:11 AM | 4 Likes Like |Link to Comment
  • Update: American Capital Agency Keeps Dividend Intact [View article]
    facts never get in the way of a good talking point...
    Sep 21, 2014. 06:16 PM | Likes Like |Link to Comment
  • Update: American Capital Agency Keeps Dividend Intact [View article]
    caribsurking,

    The quarters were great due to the book value gains. The net spread, which is a good proxy for the dividend, has actually weakened.
    Sep 21, 2014. 06:15 PM | Likes Like |Link to Comment
  • Update: American Capital Agency Keeps Dividend Intact [View article]
    That is a fair point Bruce. mREITs are cheap for a reason, out-sized interest rate sensitivity. But they also offer double digit yields. High risk, high reward.
    Sep 21, 2014. 06:14 PM | 2 Likes Like |Link to Comment
  • Update: An Impressive Quarter For American Capital Agency Corp [View article]
    Rich,

    The intro is there for readers to get a quick summary of the article without needing to read the whole thing.
    Jul 29, 2014. 02:16 PM | 2 Likes Like |Link to Comment
  • American Capital Agency: A Return To Stability [View article]
    Bruce,

    We've been hearing that same tune for ages now. Did you see the downward revision for Q1 GDP?

    http://1.usa.gov/vgZr0y

    As was hinted in the CC, AGNC hedged too much during Q1 in expectation of a move higher in rates. However, rates were mostly flat.

    Anyway, mREITs are a sector where you can get returns in a stagnant market. 2012 was the perfect example of a good year, 2013 an example of a disaster.
    May 1, 2014. 03:11 PM | 1 Like Like |Link to Comment
  • American Capital Agency: A Return To Stability [View article]
    Thanks for catching that. Should be fixed soon.
    May 1, 2014. 03:02 PM | Likes Like |Link to Comment
  • American Capital Agency: The Best Is Yet To Come [View article]
    BB,

    These equity holdings are, in effect, a sorta of leverage free way to increase NII.

    AGNC started buying its peers when it realized that their stock prices were not going up as fast as the corresponding MBS prices. Think of it like buying dollar bills for 75 cents.
    Apr 29, 2014. 01:55 PM | 1 Like Like |Link to Comment
  • American Capital Agency: The Best Is Yet To Come [View article]
    Hi rose,

    I am in the same boat. My cost basis is above the current price. However, with cost averaging down and dividend income, I have nearly made up for the losses. Should start to break even with the next dividend payment.

    Considering 2013 was the worst year for volatility in the MBS market since the 1990s, I think I did okay.
    Apr 29, 2014. 01:51 PM | 1 Like Like |Link to Comment
  • American Capital Agency Corp.: The Dividend Now Looks Quite Sustainable [View article]
    goldenbear65,

    I do apologize for the confusion. Perhaps my title should have added "short-term" to make it more inline with my thoughts.

    "Sustainable" has no implication on the long-term aspect of the dividend, but rather deals with if the company is generating enough income to maintain the dividend at the current level.

    AGNC obviously generated enough income over the past 3 months to maintain the dividend at $0.65 for the quarter. I think we will see this reflected in the Q1 report.

    For Q2, things are looking bright given that the company is not selling its MBS portfolio to buy back stock.
    Mar 22, 2014. 05:35 PM | Likes Like |Link to Comment
More on AGNC by Albert Alfonso
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