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  • Capstead Mortgage: Why Isn't Anyone Talking About This? [View article]
    i had typos cause i was responding using voice to text. lol "Password to use a may or may not tell all these years" was supposed to read, Management may or may not sell all these shares"
    Mar 10, 2015. 02:07 PM | 3 Likes Like |Link to Comment
  • Capstead Mortgage: Why Isn't Anyone Talking About This? [View article]
    you missed the part about how cmo sells shares. They do this over the course of a year or two at market prices when market conditions like trading in excess of book value allow, in small amounts so as not to hurt share price for shareholders this is nothing new but this how cmo has been selling shares for years. Password to use a may or may not tell all these years and management has reassured us they will not sell shares that price well below book value.
    Mar 10, 2015. 02:06 PM | 2 Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    http://onforb.es/1bwZgKs
    Feb 10, 2015. 04:34 PM | Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    because taxes, depreciation, and amortization are part of the cost of doing business. When a company reports EBIDTA its trying to put a smiley face on their numbers. The only numbers that matter are EPS after taxes, depreciation, and amortization. Thats where free cash flow comes in. Look I realize some of this is opinion, i get that. But for us, when we are making investment decisions and seeking to deploy precious capital.. we look at fundamentals and earnings, and we like to factor in every cost of business, not just what earnings are before things like taxes. I personally dont care about EBIDTA since you cant run a company on EBIDTA numbers. You cant pay out dividends on EBIDTA earnings unless you want to decrease your capital reserves or borrow money against future earnings. Thats just how we approach it.
    Feb 8, 2015. 05:36 PM | Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    Warren Buffet agrees with me on OCI and EBIDTA and believes you are wrong. they are puffery.
    Feb 8, 2015. 07:59 AM | Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    Neither of you may be able to be rational about AGNC. I believe you guys would slap a buy rating on AGNC if they announced tomorrow that they were getting out of the mREIT business and were going to start making cell phones. Bottom line is they lost money on their core business. Period. Lastly that link was not anonymous. Guys, emotion is not a good investment strategy. For example we sold tons of CMO common when it was trading at a substantial premium to book. We bought it back this week. We arent loyal to any stock or any management team. We are loyal to returns and preservation of capital.
    Feb 7, 2015. 08:06 AM | Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    I have not had time to respond since he wrote that... but let me clarify. I may have mis-spoken though. My intended reference was to AGNC's core business model, which is to make money on the spread. They lost their *** on the spread. My terms were improperly applied.
    Feb 7, 2015. 08:00 AM | Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    For us, we believe this is a more accurate accounting of the quarter that AGNC had:
    http://yhoo.it/1KyjW1e
    Feb 6, 2015. 12:17 PM | Likes Like |Link to Comment
  • Update: Capstead Mortgage Reports But Is It Still The Most Stable mREIT? [View article]
    also, who said to buy CMO when it was at a premium? You surely arent talking about me.. we said to sell CMO above 13.15 and buy the preferred. If you are going to make personal attacks at least know what you are talking about and who
    Feb 6, 2015. 12:16 PM | Likes Like |Link to Comment
  • Update: Capstead Mortgage Reports But Is It Still The Most Stable mREIT? [View article]
    COBeeMan why are we discussing CMO? CMO made money, AGNC lost money:
    http://yhoo.it/1KyjW1e
    Feb 6, 2015. 12:15 PM | Likes Like |Link to Comment
  • American Capital Agency: Sequential Book Value Growth + Extreme Book Value Discount = Strong Buy? [View article]
    A while back this article was the best explanation for the problem we are discussing:
    http://seekingalpha.co...
    Feb 6, 2015. 09:17 AM | Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    Scott, a while back this article was posted on SA... and I found it to be an outstanding summary of how many of the mREITS in the sector operate... Have you read it? Do you have thoughts on this? http://seekingalpha.co...
    Feb 6, 2015. 09:15 AM | Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    i completely disagree with you. AGNC did not have sufficient real spread income cash flow to cover their dividend. In my opinion, this is not a sustainable way to pay that monthly dividend over time. it will catch up to them, and the prediction is at some point they will have to post another big net loss quater like they have in the very recent past. That being said, i think you do a good job in your aticles Scott. the difference is, we believe passionately that AGNC management is not trustworthy. Doesnt mean they arent shrewd or smart, but they are NOT shareholder friendly
    Feb 6, 2015. 09:10 AM | 2 Likes Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    Fair enough, and likewise.
    Feb 6, 2015. 07:26 AM | 1 Like Like |Link to Comment
  • Update: Assessing American Capital Agency's Results For Q4 2014 [View article]
    COBeeMan, your personal attack is not necessary. I dont worship any stock. I am however very happy to point out that CMO actually made cash (not unrealized gains) to cover the dividend. HUGE difference. As for worshiping stocks, i think many AGNC shareholders are much more guilty of that than i am. FYI we sold lots of CMO above 13.15 because it was way overpriced, and we moved into alot of the preferreds. In the last few days we got back into some of the common because now it was trading at a sizeable discount to book. so you see your post about what i worship and what frustrates me is based on a personal attack, and not facts.
    Feb 5, 2015. 07:56 AM | Likes Like |Link to Comment
COMMENTS STATS
492 Comments
314 Likes