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Tom Dorsey

 
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  • Breaking Down The Quarterly Report Of Armour Residential REIT
    Sun, Nov. 2 ARR 11 Comments

    Summary

    • Company's own large hedge fund to offset interest rate hike dragging profitability.
    • Armour reported taxable income of $49 million, $0.13 per share, for the quarter.
    • Company’s $15.5 billion investment portfolio with leverage ratio at 8.42 to 1.
  • Fed's Protective Posture Of U.S. Economy Is A Plus For REITs
    Thu, Oct. 30 4 Comments

    Summary

    • Interest rates will go up in the future, but we do not see rates climbing anytime soon.
    • European and Chinese economies slowing world growth.
    • Earliest major rate increase is likely 2017.
  • American Capital Now A Cash Cow As A Monthly Dividend Payer
    Wed, Oct. 8 AGNC 27 Comments

    Summary

    • Monthly dividends to begin October; pay in November.
    • Other successful REITs paved way for double-digit monthly dividends.
    • Stock price likely to appreciate over next 30 days due to the steady dividends.
    • Don’t fret – several good quarterly REITs still available.
  • Fannie And Freddie: If It Smells Like A Tax
    Fri, Oct. 3 FNMA, FMCC 14 Comments

    Summary

    • Court ruling upholds FHFA’s authority from Congress.
    • Quarterly dividends continue to pay to the U.S. Treasury.
    • Future is long road with many legal battles before any outcome is known.
  • CVR Refining Stock Price Down With Opportunity For Appreciation, Growth And Distribution
    Wed, Oct. 1 CVRR 14 Comments

    Summary

    • CVRR stock price expected to climb over 10% next quarter.
    • Both refineries at full production, 4th quarter will be profitable.
    • Various crudes available via Keystone and Spearhead pipelines.
    • Anticipate the distribution to return near One Dollar in fourth quarter, 2014.
  • Yield Is Over 18%, Western Asset Mortgage Capital Increased The Dividend
    Wed, Sep. 24 WMC 21 Comments

    Summary

    • Third Quarter dividend increased from $0.67 to $0.70.
    • 2nd Quarter’s financials state earnings of $1.00 per share, 3rd quarter to be release October/November. Opportunity for supplemental dividend payout.
    • Take the dividend of 18% in cash, or reinvest the dividends.
    • Investors have until October 1, 2014 to buy the stock prior to the ex-dividend date.
  • Five Oaks Investment Extends Monthly Dividend For 4th Quarter With Near 14% Yield
    Mon, Sep. 22 OAKS 5 Comments

    Summary

    • Five Oaks to pay $0.125 dividend each month in fourth quarter.
    • Earnings first two quarters higher than paid dividends.
    • Look for catch-up dividend for year-end.
    • Long-term potential is positive after interest rates increase.
  • Another Strong Dividend At 12% Yield
    Mon, Sep. 22 AGNC 10 Comments

    Summary

    • American Capital Agency Corp announced $0.65 dividend, 12% yield.
    • 4 dividends in a row of $0.65, with a catch-up dividend likely in the fourth quarter.
    • Anticipate another strong quarterly report in October 2014.
    • 2015 should see the interest rates rise, triggering a buy opportunity for investors as the stock price drops.
  • Dynex Capital Pays 12% Dividend Yield And Earns A Recommended Buy And Hold
    Sat, Sep. 20 DX 7 Comments

    Summary

    • Dynex Capital announces $0.25 dividend, 12% yield.
    • Insider selling over last 6 months mostly linked to key leaders taking some cash.
    • Federal Reserve Board comment this week was to hold the interest rate near zero.
    • Outlook for Dynex is to hold the stock and take the dividend each quarter.
  • Treasury Bond Bump Scares Market Into Sell-Off Of mREITs And Financial Stocks
    Tue, Sep. 16 REM, MORL, MORT 5 Comments

    Summary

    • U.S. Treasury Bond yields increase, causing sell off of many REITs.
    • Federal Reserve Statement on September 16 will indicate the Fed's direction for the next 6 months.
    • Change in the interest rates are coming, adjustments will be made.
    • mREITs will be stronger after the adjustments are steadied.
  • Insider Buying And Effect On Dividend Due At Western Asset Mortgage Capital Corp.
    Mon, Sep. 15 WMC 3 Comments

    Summary

    • Key leader buying more shares; second buy this quarter.
    • Announcement and ex-dividend date expected within the week.
    • Stock prices expected to climb between now and ex-dividend date.
  • Buy Orchid Island Capital For The 15% Yield Each Month And The Catch-Up Dividend Later This Year
    Fri, Sep. 12 ORC 23 Comments

    Summary

    • A monthly dividend of 15% yield is outstanding for investors.
    • Orchid Island is falling short of its required payout of 90% earnings and will have to pay a catch-up dividend in 2014.
    • We expect an increase in the dividend, likely to be announced in Q3 2014.
    • Buy and hold this stock, take the cash monthly, or grow your portfolio by reinvesting the dividends.
  • Great Northern Iron Ore To Close April 2015
    Fri, Sep. 12 GNI 3 Comments

    Summary

    • Shares over priced to dividend and final payment.
    • Production was down in 2013.
    • Shares will have a value of zero on 16 April, 2015.
  • Move On CYS Investments' Quarterly Dividend, 13% Yield And Future Opportunity
    Thu, Sep. 11 CYS 1 Comment

    Summary

    • Dividend payout dropped from $0.32 to $0.30 for the quarter, but within the REIT requirement of 90%.
    • The book price has steadily risen to $10.31, $0.63 over first quarter 2014.
    • 2015 may be the year of interest rate increases, but the future will bring stock price appreciations and bigger dividends.
  • Time To Move Prior To Western Asset Mortgage Capital's Dividend Announcement
    Wed, Sep. 10 WMC 5 Comments

    Summary

    • Dividend Announcement will push stock price higher until ex-dividend date.
    • Strong quarterly dividend expected again for Q3 2014 - $0.67.
    • Expect a bonus dividend for the catch up in Q4 2014.
    • Insider buying spurs speculation of more dividends to come.
  • CVR Refining Announced Coffeyville Refinery Back To Full Operations
    Wed, Sep. 3 CVRR 4 Comments

    Summary

    • Coffeyville refinery lost 30 days production for 3rd quarter.
    • Net sales will be down and net income will drop significantly.
    • Cost of repairs to be announced in 3rd quarter financial report.
    • The 4th quarter should be more profitable, dividend recovery in 2015.
  • Market View For 2014 And 2015, The Investor's View
    Mon, Sep. 1 CVRR, DIS, MRK 15 Comments

    Summary

    • Indicators point to a solid economic growth.
    • Dow Jones has climbed from 6500 in March, 2008 to over 17,000 in August, 2014.
    • Total return goal is 10% per year – Dividend plus Stock Price Appreciation.
  • The Right Time To Buy Orchid Island Capital
    Wed, Aug. 27 ORC 6 Comments

    Summary

    • Buy the stock within days after the ex-dividend date.
    • Orchid Island has a dip after every ex-dividend date, but there's a very small window.
    • Buy this stock and hold to take the dividend.
    • Take the cash for a nice income stock, or reinvest your dividends for growth.
  • Analysis For Investment Return On The Big 6 Banks
    Tue, Aug. 26 BAC, C, GS 5 Comments

    Summary

    • 2 banks should be able to return 10% to investors over the next year.
    • Wells Fargo trading at 1.65 premium compared to book value, while Citigroup and Bank of America trading at a discount at 0.76. All should move closer to book value.
    • 5 of 6 banks have billions of shares outstanding which creates difficulty in increasing the return to investors to near 10% - (stock price appreciation and dividend).
  • Insiders Buying At Western Asset Mortgage Capital
    Fri, Aug. 22 WMC 7 Comments

    Summary

    • Insiders buying again, Spring of 2014 and Fall of 2013.
    • Strong quarterly dividend expected for Q3 2014.
    • Expect a bonus dividend for the catch up in Q4 2014.
  • Taking Goldman Sachs To The Bank
    Thu, Aug. 21 GS 8 Comments

    Summary

    • Second Quarter’s financial report with net revenue beat expectations by 33%.
    • Number of outstanding shares compared to other big 5 banks supports value of the stock price.
    • Financials and liquidity strong for Basel III requirements.
    • Goldman Sachs likely to take advantage of foreign investment opportunities.
  • Bank Of America Raises Its Value For Investors
    Mon, Aug. 18 BAC 24 Comments

    Summary

    • BAC dividend jumps from $0.01 to $0.05 for Q2 2014.
    • One of the last major lawsuits to pay $16 billion.
    • Book value up, stock trading at a discount of 72%.
    • Anticipate the stock price to appreciate to near $17 per share by year-end.
  • Citigroup Moving Toward Strong Buy For Investors
    Fri, Aug. 15 C 30 Comments

    Summary

    • Citigroup settles RMBS during 2Q that shadows financial report.
    • Strong Book Value and lagging stock price sets stage for opportunity in 2015.
    • Citigroup has redeemed or retired $17.7 in debt securities.
    • Citigroup used $1.1 Deferred Tax Assets.
  • Not A Fan Of Fannie Mae And Freddie Mac
    Wed, Aug. 13 FNMA, FMCC 29 Comments

    Summary

    • Lawsuits are progressing through the courts. Positive strides for the investors, but far from winning their freedom from the government.
    • $5.4 billion in dividends from the Second Quarter, 2014 will be paid to the U.S. Treasury.
    • Expect increased regulations on GSEs and all financial companies.
    • Betting on Fannie and Freddie remain a high risk/high reward investment.
  • Disappointment, But Brighter Future For Alon USA Partners
    Tue, Aug. 12 ALDW 8 Comments

    Summary

    • Disappointing sales and distribution of only $0.13 per unit (2.7% annualized yield).
    • Company completed upgrades at Big Springs Refinery in 2Q, which will increase production in 3rd and 4th quarters.
    • Crack spread for second quarter, 2014 was $16.42, down from $21.17 in second quarter, 2013.
    • Recommend a hold this quarter, as income and the distribution should increase over the next two quarters.
  • Orchid Island Is A Monthly Dividend Payer Of 15%
    Sat, Aug. 9 ORC 42 Comments

    Summary

    • Orchid Island Capital pays dividend of $0.18 per month for a 15.7% yield.
    • Second quarter earnings of $10.6 million, or $1.17 per share.
    • Look for catch-up dividend in 4Q, 2014.
    • Take the cash or reinvest the dividends.
  • American Capital Agency Corp. Grows Toward The Future
    Thu, Aug. 7 AGNC 14 Comments

    Summary

    • AGNC paid $0.65 for the 5th quarter in a row for an 11.23% yield.
    • Book Value rose $1.77 to $26.26 for a 9.9% increase for the quarter.
    • Portfolio is $71.9 billion and well managed.
    • AGNC is rated a buy and hold.
  • Double Digit Return In 30 Days With Western Asset Mortgage Capital
    Mon, Aug. 4 WMC 14 Comments

    Summary

    • Western Asset to release 2Q results and announce dividend on August 7.
    • Analyst expect dividend to remain the same $0.67 this quarter.
    • Buy the low now, and sell just prior to the ex-date for best return.
  • Here Is Why You Should Invest In Armour Residential REIT
    Mon, Aug. 4 ARR 11 Comments

    Summary

    • The quarter was profitable and provides more opportunities in the future.
    • Book value increased from $4.67 to $4.90 this quarter.
    • Over 14% yield to take the cash or reinvest the dividends monthly.
  • Double-Digit Return On CYS Investments Even Better
    Tue, Jul. 15 CYS 8 Comments

    Summary

    • CYS to pay dividend on July 16, 2014.
    • Dividend return 14% and opportunity to receive better return.
    • CYS stock price is down, and now is a great buy-in opportunity.
    • Interest Rate Risk effects and profitability.
  • Investment In Armour Residential REIT Nets Profitable Double-Digit Gains
    Mon, Jul. 14 ARR 18 Comments

    Summary

    • ARR confirms $0.05 for third quarter dividends.
    • Dividend over 14% and reinvesting dividends goes higher.
    • Core Income was strong in first quarter and positive through second quarter.
    • ARR expected to release second quarter financial report in August.
  • Atlas Resource Partners Going Ex-Dividend On July 2, 2014
    Wed, Jul. 2 ARP 6 Comments

    Summary

    • Distribution will be paid on July 15 of $0.1933 per unit, buy after July 3.
    • 47 Mmboe deal previously announced is completed for long term production goal.
    • ARP has an interest in over 12,000 producing wells.
    • Oil Price increases are good for cash flow and bottom line distributions.