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American Capital Agency (AGNC) board authorizes a stock repurchase plan of up to $500M of common...

American Capital Agency (AGNC) board authorizes a stock repurchase plan of up to $500M of common stock through December 2013. (PR)
Comments (10)
  • 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.
    29 Oct 2012, 02:16 PM Reply Like
  • CPA,

     

    Very happy with management. Brilliant. I like the way you stated one of their strategies. Great earnings report.
    29 Oct 2012, 04:17 PM Reply Like
  • I was surprised . I did not expect this boon. I am glad I stuck with them. Now if the election will cooperate we will be home free.
    29 Oct 2012, 02:26 PM Reply Like
  • 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...
    29 Oct 2012, 02:48 PM Reply Like
  • Salty is right on. Like his/her take on the mREIT choices.
    Good approach going forward into the new year.
    29 Oct 2012, 04:15 PM Reply Like
  • 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...
    29 Oct 2012, 05:51 PM Reply Like
  • 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.
    29 Oct 2012, 02:50 PM Reply Like
  • 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.
    29 Oct 2012, 04:52 PM Reply Like
  • I'm a senior and have AGNC for the income. Unfortunately, my second purchase was at the high of 36.42 but my average cost is 33.66. .

     

    Am I safe in continuing to hold for the income? Should I buy more?
    29 Oct 2012, 05:39 PM Reply Like
  • 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.
    29 Oct 2012, 06:10 PM Reply Like
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