Update: An Impressive Quarter For American Capital Agency Corp [View article]
I will start by saying that AGNC hasn't increased their dividend 1 time since the 2Q of 2009.
The earnings number I find most relevant when evaluating their dividend is the "net spread and dollar roll income per common share". This quarter it was $.87.
The problem I have with AGNC is the volatility of their earnings. If you average out the last 4 quarters you get $.63, only 2 cents below the dividend. So by my estimates, if there is a decrease in dividend, it won't be very large.
I think there is an opportunity to make money trading in AGNC, but I don't have any money invested there.
Why I Believe Annaly Will Increase Its Dividend Soon And Shares Should Be Purchased Before Earnings Are Released [View article]
Since when is 1 quarter, out of the 4 quarters it has existed, with positive economic returns "killing it"? If ORC traded rationally, in-line with the industry it would be trading under $12.50.
Dynex Capital Is The Best Buy In The MREIT Sector [View instapost]
DX > NLY Therefore DX > mREIT industry
That logic doesn't really stack up for me as I haven't been a big supporter of investing in NLY for a long time, and I continue to believe that (NYSE:CYS) is the best mREIT.
CYS Investments, Inc. Announces Second Quarter 2014 Financial Results [View article]
Where do they get missed by $.06, I thought forecasts showed $.325 core earnings + drop? Looks like another great quarter by (NYSE:CYS). I think they have out performed the rest of the agency mREITs again this quarter.
Investors Continue To Flock To Armour [View article]
No way man, as soon as Zimmer left they turned the ship at Bimini! Just look they have a wholly-owned subsidiary who is an adviser for (ORC). I think these guys are all winners! (Note the Sarcasm).
Avoid These 2 High-Yield Mortgage REITs [View article]
You do realize that all your comments are pretty much worthless as all the data I used was as of the time of posting (May 7th), which is over a month ago. However, I will respond to all your points here for simplicity.
First at the time of that post the P/B was $4.67 as you even said, meanwhile both yahoo finance and the ARR website under Key Ratios read a P/B of $5.32. Obviously I cannot prove it now as I didn't take a screen shot of the website and it has sense been changed. So to argue over it is pointless.
Second, just using a quick glance I'm guessing you pulled the insider ownership numbers right off yahoo finance? If so it isn't even worth arguing with someone who bases their investments off those statistics as often they are wrong/out of date. I don't get the relevance of more outstanding shares to your argument...
Last your p/b ratio is using current valuations, my post was over a month ago, how can you seriously say I made an error when it will obviously change considering the price fluctuations and also book value changes from this latest earnings report when my post was before them. At the time my ratios were correct, but of course they aren't now I don't get your point.
Orchid Island Capital: A Deep Look Part II [View article]
That is why it can be so dangerous to be in the non agency space. Most of the pure agency mREITs like MFA and NLY emerged from the financial crisis just fine.
Update: An Impressive Quarter For American Capital Agency Corp [View article]
The earnings number I find most relevant when evaluating their dividend is the "net spread and dollar roll income per common share". This quarter it was $.87.
The problem I have with AGNC is the volatility of their earnings. If you average out the last 4 quarters you get $.63, only 2 cents below the dividend. So by my estimates, if there is a decrease in dividend, it won't be very large.
I think there is an opportunity to make money trading in AGNC, but I don't have any money invested there.
Why I Believe Annaly Will Increase Its Dividend Soon And Shares Should Be Purchased Before Earnings Are Released [View article]
I could be wrong, but I'm pretty sure their 2nd quarter ended June 30th.
I wouldn't be surprised by an earnings miss to the low side, along with an unimpressive economic return for the second quarter. I hope I'm wrong.
Why I Believe Annaly Will Increase Its Dividend Soon And Shares Should Be Purchased Before Earnings Are Released [View article]
CYS Fails To Deliver In Q2 Earnings; Defensive Portfolio Approach Earns Neutral Rating [View article]
Dynex Capital Is The Best Buy In The MREIT Sector [View instapost]
Therefore DX > mREIT industry
That logic doesn't really stack up for me as I haven't been a big supporter of investing in NLY for a long time, and I continue to believe that (NYSE:CYS) is the best mREIT.
CYS Investments, Inc. Announces Second Quarter 2014 Financial Results [View article]
Avoid These 2 High-Yield Mortgage REITs [View article]
Investors Continue To Flock To Armour [View article]
Investors Continue To Flock To Armour [View article]
Investors Continue To Flock To Armour [View article]
Investors Continue To Flock To Armour [View article]
Stopped reading there.
Avoid These 2 High-Yield Mortgage REITs [View article]
First at the time of that post the P/B was $4.67 as you even said, meanwhile both yahoo finance and the ARR website under Key Ratios read a P/B of $5.32. Obviously I cannot prove it now as I didn't take a screen shot of the website and it has sense been changed. So to argue over it is pointless.
Second, just using a quick glance I'm guessing you pulled the insider ownership numbers right off yahoo finance? If so it isn't even worth arguing with someone who bases their investments off those statistics as often they are wrong/out of date. I don't get the relevance of more outstanding shares to your argument...
Last your p/b ratio is using current valuations, my post was over a month ago, how can you seriously say I made an error when it will obviously change considering the price fluctuations and also book value changes from this latest earnings report when my post was before them. At the time my ratios were correct, but of course they aren't now I don't get your point.
Retirement Strategy: Increasing Your Dividend Income Instantly With Annaly Capital [View article]
Orchid Island Capital: A Deep Look Part II [View article]
-Tucker
Orchid Island Capital: A Deep Look Part II [View article]
-Tucker