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More on American Capital Mortgage (MTGE) Q3 earnings: Net interest spread of 1.88%, down from...
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Wednesday, October 31, 2012, 5:05 PM ETMore on American Capital Mortgage (MTGE) Q3 earnings: Net interest spread of 1.88%, down from 1.94% last quarter. Average yield dipped 16 bps, but cost of funds declined 10 bps. CPR rose to 6.7% from 4.7% last quarter, still a fairly low level given the refi boom (manager AGNC had its own low 9% rate in Q3). On stock repurchase: "The market has tried to asses and adjust to the impacts of QE3; we have experienced volatility in the price of our stock." (PR)
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In any event, don't let the price or dividend flutuations bother you. Forget listening to the constant doomsayers, and go with the fundamentals.
Remember your objectives of income, and dividends, and watch your minimum happiness level. Set it like a trigger, and the value of your purchase drops below your 'trigger level' then sell, until it does, HOLD. and that is that!
Capt. Brian
The Lost Navigator
agnc.................o...
IS IT INCEST ?
WHAT DOES 1$ - $1.60 PER $1000 mean ?
I'm new,and been "in" @ $34 (too much)
I thought I read some good stuff today, but now ...........
I......Capt Brian.......I think I liked what you had to say
well....I'm holding too. Hope to read more of what you have
to say in the near future,
d.p.
I still feel the REITs are the best place to be, but I am hoping, [while missing dividends] to get back in post election.
My picks in this order are, (if you are totally out or just beginning investing) to be in DRR, EUO, SLV, SIVR, AGNC, NLY, FAZ(if Obama wins) and long equities if Romney wins))
Whomever wins, be in PM's [precious metals] Ag first, then Au, then Pd then Pt. I may like Pd 2nd.
I am very close to suggesting VERY strongly a big position in PM's
Capt. Brian
The Lost Navigator