Update: American Capital Agency Earnings - Impact On My Bottom Call
- American Capital Agency Reported Q2 comprehensive income of $862 million or $2.43 per share.
- Only $0.28 was considered taxable REIT income but the company paid $0.65 in dividends resulting in a $0.37 deficit.
- Net interest spread improved drastically quarter-over-quarter from 1.43% to 1.84%.
- While I maintain a buy rating, I no longer have the conviction I had from my prior article this year. Wait for pullbacks and pick your spots wisely.