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Ron Reed

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  • Mortgage REITs reprice amid hefty dividend cuts [View news story]
    They have a history of issuing new shares when they are 10%+ BV and then purchasing them at -10%+BV. AGNC is well run for this and many other reasons.
    Sep 20 11:24 AM | 1 Like Like |Link to Comment
  • Deutsche raises Tesla PT to $200 from $160, shares +1% AH [View news story]
    And the rising long term debt and cash burn.
    Sep 18 06:33 PM | Likes Like |Link to Comment
  • After-hours top gainers, as of 5:15 p.m [View news story]
    agnc trading at 23.15 still under the 25.51 NBV,
    Jul 29 05:49 PM | Likes Like |Link to Comment
  • Bernanke Humphrey Hawkins testimony: The path of the Fed's QE program is "by no means on a preset course," but it is currently anticipated asset purchases will begin being scaled back later this year and could be halted by mid-2014. The U.S. economy remains vulnerable to shocks, including the chance global growth comes in slower than forecast. [View news story]
    here go the Mreits...
    Jul 17 09:21 AM | Likes Like |Link to Comment
  • Pandora (P -7.1%) slumps for the second day in a row after releasing disappointing June audience metrics. A column from The Verge's Greg Sandoval discussing the PR struggles the Internet radio giant is facing in its efforts to lower royalties might also be contributing to the drop. Among other things, Sandoval observes the Internet Radio Fairness Act failed to draw much Congressional support, and that a Pandora petition asking artists to support its legislative efforts triggered a backlash. Shares -11% since Monday's close, but still +99% YTD. [View news story]
    I honestly think long term, without something new to sustain it, $P will fall to the wayside. That old economic equation about being the first and loosing everything, just clearing the jump
    Jul 11 09:31 AM | Likes Like |Link to Comment
  • Pandora (P -7.1%) slumps for the second day in a row after releasing disappointing June audience metrics. A column from The Verge's Greg Sandoval discussing the PR struggles the Internet radio giant is facing in its efforts to lower royalties might also be contributing to the drop. Among other things, Sandoval observes the Internet Radio Fairness Act failed to draw much Congressional support, and that a Pandora petition asking artists to support its legislative efforts triggered a backlash. Shares -11% since Monday's close, but still +99% YTD. [View news story]
    Sell the news...
    Jul 10 03:32 PM | Likes Like |Link to Comment
  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    While the div. is a plus side to the sector, you cannot look at it that way, the div is just the payoff for the risk. The only way to fairly value them is to look at BV and what the impact to BV will be with changes to the YC, lots of private investors look at the 15+% div and think "holy crap, gotta get me some of that" and ignore the reason for the high return. Never forget ECO101 that next to supply and demand is that the money always follows the risk, no matter what.
    Jul 5 10:17 AM | 4 Likes Like |Link to Comment
  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    I think that manipulation is a stretch, lemme' explain. My initial thought is, "gee you know how many folks would have to be involved just to get that to work". Then I think, "well crap look at the LIBOR scandal".

    So, could it be? Yup, sure could. Is it? Hard to tell in today's time. I just don't know.

    I do know that the whole MRIT sector is being hounded. I don't know if there is enough support from the outside interest to beat it down on an institutional level, I don't know if the FED is trying to soak up the sector in hopes of playing the same game and making money (or those connected to the FED really, not the FED itself, before someone mis-reads my intent). Time will tell.
    Jul 5 10:13 AM | 2 Likes Like |Link to Comment
  • Overstock.com: 'The 10-Ks They Are A-Changing' [View article]
    Thanks for taking that, a cool 14% closed today.
    Jul 3 02:10 PM | Likes Like |Link to Comment
  • Continued panicky action grips the mortgage REIT sector (REM -3.5%) at the open as the global stock selloff as yet offers no relief on interest rates. Adding to the fear is an opening print of -25% on the Market Vectors Mortgage REIT ETF (MORT -3.7%). American Capital (AGNC -4.5%), (MTGE -2.6%), Annaly (NLY -2.8%), Armour (ARR -4.8%), Invesco (IVR -4.4%), Hatteras (HTS -3.9%), CYS Investments (CYS -3.6%). Set for release from embargo tomorrow is SA Pro's REIT Analyst arguing the selloff in AGNC has left the price about 20% below book value. [View news story]
    No need to change what they are doing now. This is all emotional sell off and presents a great time to buy. Or, a great time to sell puts.
    Jun 24 09:51 AM | 2 Likes Like |Link to Comment
  • Federal Reserve Actually Propping Up Interest Rates: What This Means For mREITs [View article]
    Good point, if you don't understand what the company does or how it does it, stay out.
    Jun 21 01:16 PM | 6 Likes Like |Link to Comment
  • Federal Reserve Actually Propping Up Interest Rates: What This Means For mREITs [View article]
    You got it. However so many people trade on emotion and post the same way even more so. If we all traded on emotion we'd be out of the market in short order. Technicals and fundamentals rule every time.
    Jun 21 12:59 PM | 5 Likes Like |Link to Comment
  • Federal Reserve Actually Propping Up Interest Rates: What This Means For mREITs [View article]
    Outstanding article!
    Jun 21 11:01 AM | 3 Likes Like |Link to Comment
  • The post-FOMC slide looks set to continue at the open with S&P 500 (SPY) futures -0.9% and Nasdaq 100 (QQQ) -1%. Markets around the globe all closed sharply in the red overnight and Europe is off more than 2%. There's no flight to fixed income either, with the 10-year Treasury yield continuing to fly higher, now at 2.43%. TLT -1.9%, TBT +4.6% premarket. [View news story]
    had the money spigots never been turned on we would be out of this mess by now. instead we are stuck with a 10+ year 'crises' that will just be all the more painful. just wait until mandatory insurance hits the lower range of employees (50k and less) and you'll begin to see even more pain.
    Jun 20 10:30 AM | Likes Like |Link to Comment
  • Obama "essentially fired Ben Bernanke on the spot," says ex-Fed Governor Larry Meyer, commenting on the President's remarks during an interview yesterday (he's stayed a lot longer than he was supposed to). Meyer also notes the "tepid" testimonial from the President following that line. "It's time to really now focus on who the next chairman might be." [View news story]
    "Mr President can take the wheel of this ship at any time now..we've been waiting 5 years.."

    Based on everything he has done, I really don't think we want to see that happen.
    Jun 19 08:30 AM | 11 Likes Like |Link to Comment
COMMENTS STATS
273 Comments
195 Likes