The management of AGNC is absolutely brilliant! They have secondary offerings when the shares are selling above book value then when shares dip and are selling below book value they initiate a share buy back program. This is a win win for shareholders.
I sold about 95% of my NLY. I used most of that to buy LNCO. Now I will add new position in AGNC and add a few more to NLY, but I can see now AGNC's management is more skillful than NLY. I am a true convert to AGNC over NLY. But will hold both along with MTGE, TWO, and a little ARR for spice... Opening new position in AGNC below book value is sweet though...
goodguy, Thanks. I appreciate your comment. That just reiterates in my mind I am doing something right... The way I figure the mreit thing is solid choices for agency, non-agency hybrids. Best to go long both, but I am over-weighted in hybrid/non-agency like TWO, MTGE. I just feel with this latest fed action, these will perform better in this environment. But I still like AGNC, NLY for the long haul. Still attached to ARR because I made so much money in the 10 months I owned it before trimming my position way back. But will more likely than not get back into ARR and maybe take a peak at JMI since it has completed IPO. JMI is managed by ARR, and just completed it's IPO.
Larry (saltydog) Yeah was in the Navy 22 plus years...
I think there is a shift industry wide to issue "Preferred Shares" to tap capital markets for funds rather than diluting common shareholders. But I couldn't be reading too much into this assumption.
I was reading so many mixed projections for AGNC that I thought about taking my profits by selling in late September. I'm happy I hung in there. It looks now like we've got at least six more months of good earnings and dividends to look forward to.
Management keep up the good work. I am about $90,000.00 ahead in dividends and gains in about three years. Will continue to hold AGNC for the future. Like ARR, HTS and CYS but AGNC has the best management team in REIT.
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Very happy with management. Brilliant. I like the way you stated one of their strategies. Great earnings report.
I am a true convert to AGNC over NLY. But will hold both along with MTGE, TWO, and a little ARR for spice...
Opening new position in AGNC below book value is sweet though...
Salty is right on. Like his/her take on the mREIT choices.
Good approach going forward into the new year.
Thanks. I appreciate your comment. That just reiterates in my mind I am doing something right... The way I figure the mreit thing is solid choices for agency, non-agency hybrids. Best to go long both, but I am over-weighted in hybrid/non-agency like TWO, MTGE. I just feel with this latest fed action, these will perform better in this environment. But I still like AGNC, NLY for the long haul. Still attached to ARR because I made so much money in the 10 months I owned it before trimming my position way back. But will more likely than not get back into ARR and maybe take a peak at JMI since it has completed IPO. JMI is managed by ARR, and just completed it's IPO.
Larry (saltydog) Yeah was in the Navy 22 plus years...
Am I safe in continuing to hold for the income? Should I buy more?
in dividends and gains in about three years. Will continue to hold AGNC for the future. Like ARR, HTS and CYS but AGNC has the best management team in REIT.