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More on American Capital Agency (AGNC) Q1 earnings: Comprehensive loss of $1.57/share includes...

More on American Capital Agency (AGNC) Q1 earnings: Comprehensive loss of $1.57/share includes $0.64 of net income and $2.21 loss on marked-to-market investments. Book value dives to $28.93 from $31.64 on Dec. 31. CIO Kain: "Specified mortgage securities also materially underperformed ... (and) led to the decline in our book value." Shares -2.4% to $32.32 AH. (PR)
Comments (15)
  • shares are at 31.13. I think its going lower.
    2 May 2013, 04:47 PM Reply Like
  • Yup, sinking fast
    2 May 2013, 05:00 PM Reply Like
  • any thoughts on this? they still made $.64/share before the,

     

    "$(2.21) other comprehensive income (loss) ("OCI") per common share "

     

    and then if that "Includes net unrealized losses on investments
    marked-to-market through OCI"

     

    Should that effect the dividend payout?

     

    thanks in advance to you smart folk
    2 May 2013, 05:15 PM Reply Like
  • I'd like to know the same thing - dividend cut: yes or no?
    2 May 2013, 05:33 PM Reply Like
  • WHAT IS THIS. WAS AGNC HOLDING JUNKIER STUFF THAN ANYBODY KNEW?
    2 May 2013, 05:52 PM Reply Like
  • We need input from all the smart folks.......is it time to cut and run?
    2 May 2013, 05:52 PM Reply Like
  • NLY hurting as well. Maybe I will continue on the sidelines after all.
    2 May 2013, 05:55 PM Reply Like
  • now at 30.34 - i wonder how low this will go
    2 May 2013, 07:46 PM Reply Like
  • Long AGNC and very disappointed. When was the last time BV dropped?
    2 May 2013, 09:14 PM Reply Like
  • Literally the previous quarter. BV reported as $32.49 at 9/30/2012, $31.64 as of 12/31/2012, $28.93 as of 3/31/2013.
    2 May 2013, 10:05 PM Reply Like
  • Thanks for the reply. I missed that. I thought BV had been rising.
    2 May 2013, 10:22 PM Reply Like
  • AGNC has made me money but I have had to trade it instead of buy and hold it as I and most would prefer. I prefer to buy below book value but as Mike Maher pointed out, it has been decreasing consecutively. Taken alone, Q4 to Q1 book value dropped $2.71. OUCH!!!! Gary Kain has emerged as the guru of the mREIT sector but he does have some explaining to do in the conference call.

     

    I may buy tomorrow if the dip is irrationally severe.
    2 May 2013, 10:33 PM Reply Like
  • My understanding is they must pay the 2012 dividends by Sept '13 and they were up in Q3 & 4 last year. Plus it was thought they would pay above the 90% required payout to avoid their own taxation. I like to buy more here.
    2 May 2013, 10:47 PM Reply Like
  • retired researcher/inventor,and pro-athlete! Been taking a much more active role in investment management. Don't remember a bad 1/4 for AGNC in the last 3 years. I would say the resent news and value dip would be a buying opportunity, would give one chance for growth and dividends ! Cooler heads usually prevail !
    3 May 2013, 03:17 AM Reply Like
  • I agree, this provides a great buying opportunity. If stock falls below $30 grab it while you can.
    3 May 2013, 09:06 AM Reply Like
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