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Increasing book value in Q4 while most other agency REITs declined, American Capital Mortgage...

Increasing book value in Q4 while most other agency REITs declined, American Capital Mortgage (MTGE) CIO Gary Kain says it was all about great performance in its non-agency holdings. But, ask an earnings caller (transcript), only 10% of assets were in non-agencies. Don't forget capital allocation, says Kain - 30% of the firm's capital was in the non-agency sector. It's a number sure to come down in Q1 as Kain says the better opportunities now are in agency MBS.
Comments (2)
  • GlowWorm
    , contributor
    Comments (25) | Send Message
     
    This article is filled with trouble:
    - Book value for AGNC was down in Q4
    - The MBS issue you mention does not exist
    - The most important Q4 issue was the use of the dollar roll on on government buy-up's of MBS's to gain more leverage.

     

    Who is the writer of this message?

     

    Arie Steehouwer@GlowWorm.nl

     

    (I am long AGNC)
    12 Feb 2013, 05:52 PM Reply Like
  • GlowWorm
    , contributor
    Comments (25) | Send Message
     
    Sorry, I reacted on AGNC while your report is on MTGE...

     

    Still: who are you and what's your position?
    12 Feb 2013, 05:56 PM Reply Like
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