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Changi

Changi
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  • American Capital Agency's Newest Secondary Lets Investors Bet On Kain Again [View article]
    What's the point of this article?
    Mar 4 02:42 PM | 1 Like Like |Link to Comment
  • American Capital Agency Corp. Sells Shares, Annaly Likely To Follow [View article]
    If AGNC's move was predictable, why didn't you predict it then?
    Mar 1 11:00 AM | 2 Likes Like |Link to Comment
  • American Capital Agency Confronts mREIT Malaise [View article]
    Again a decisively superficial analysis.
    Who's then holding now the title as leader of the 20% dividend payers? There are no longer 20% dividend payers.
    Does anyone really believe that AGNC would expect to buy back any shares at 50% discount?
    Nov 1 03:01 AM | 2 Likes Like |Link to Comment
  • American Capital Agency's Decreased Leverage, Prepayments And $500 Million Repurchase Plan [View article]
    thanks for the clear charts
    Oct 30 01:49 PM | Likes Like |Link to Comment
  • Manic Monday For mREITs [View article]
    Good grief! So you were among those who paniqued yesterday and sold cheap without taking the time to think! Would you dare tell us at what price you liquidated your position?
    Oct 16 06:37 AM | 2 Likes Like |Link to Comment
  • American Capital Agency - Should You Buy This Fat Yield? [View article]
    Frankly I don't see any interest in this article. These upside and downside arguments have been exposed many times before on this site, and it offers no guidance as to what to do with the stock.
    The "wait-and-see" conclusion fits adequately a development that has nothing new to say.
    Looks to me like plain advertising by the contributor for her company.
    Sep 22 02:31 AM | 1 Like Like |Link to Comment
  • Premium To Book Value Encourages Secondary Offering At American Capital Agency [View article]
    I see no good news in these AGNC preliminary Q2-2012 results.

    First, the increase in book value per share this quarter is marginal, not in line with what we could have expected from the previous quarters' performance. That means that the gain on the MBS portfolio due to the falling interest rates was nearly all wiped out by the hedging.

    Second, comprehensive net income per share and taxable net income per share have fallen dramatically compared to Q1's. Obviously, AGNC will not repeat the 38% annualized economic return it boasted after Q1, it will be very far from it, probably less than 22%.

    Third, the increase of the projected constant prepayment rate to 12% from 9%, combined with the much lower net spread income (a 34% fall) is also very bad news.

    AGNC has not declared its next dividend yet. I fear it will be less than the current $1.25. I expect that the dividend will be declared after completion of the secondary offering, because AGNC managers would want to avoid the negative impact a lower dividend announcement will have on its success.

    Conclusion? Stay away from this secondary, wait until the picture gets clearer. AGNC's stock, in light of the Q2 performance, is overpriced, it may fall back by the time of the dividend announcement.
    Jul 18 03:46 AM | Likes Like |Link to Comment
  • American Capital Agency: Huge Dividend In Danger Of Being Cut [View article]
    Zacks is a bit behind the curve, isn't it? Few individual investors have been recognizing this "outperformance" for some time now.

    Still hoping to place your buy order at $28, northhills24?
    Jun 13 11:32 AM | Likes Like |Link to Comment
  • American Capital mREIT: $2 Below Fair Value [View article]
    Dear charles111, it is very unlikely that you bought AGNC at $28 a month before you posted, since the stock never went below $29.60 in April
    Jun 12 09:25 AM | Likes Like |Link to Comment
  • A Dozen Reasons To Like American Capital Agency Corp. [View article]
    Dear Walvestor, dividend yield is one thing, total return of to shareholders another. AGNC's book value has consistently increased since inception, ARRs decreased.
    Furthermore, over the past 2 years ARR's dividend annualized has fallen 25%, AGNC's 11%.
    An AGNC shareholder could choose inveting in ARR for diversification's sake, certainly not on performance.
    Jun 2 09:17 AM | Likes Like |Link to Comment
  • American Capital Agency: Huge Dividend In Danger Of Being Cut [View article]
    Dear Mark, no credit supplier will lend $1080 against something that's worth $1000 (unless they want to go belly up quickly). Have you ever borrowed on margin?
    Jun 2 09:05 AM | Likes Like |Link to Comment
  • A Dozen Reasons To Like American Capital Agency Corp. [View article]
    A dozen reasons we've read about a dozen times already !
    May 31 12:00 PM | 2 Likes Like |Link to Comment
  • American Capital Agency: Huge Dividend In Danger Of Being Cut [View article]
    Good lesson. Those who recently bought into FB's IPO should have read your comment first. Never trust an underwriter nor a stockbroker. He is out to make money for himself, not his customers.
    May 30 10:49 AM | 1 Like Like |Link to Comment
  • American Capital Agency: Huge Dividend In Danger Of Being Cut [View article]
    Why should AGNC's share price be limited by current book value?AGNC's BV has consistently increased since inception. Growth here entails a price premium. Considering the proximity of the ex-dividend, current price is not at all excessive.mREIT veterans have long praised the "reasonable" results of the likes of NLY, completely overlooking the outstanding performance of AGNC.
    May 30 10:46 AM | Likes Like |Link to Comment
  • American Capital Agency: Huge Dividend In Danger Of Being Cut [View article]
    better choose an exit at the top rather than at the bottom. If you're afraid the stock might drop to $28 sell it now that it's reached $32.50 and place your cash in treasuries...
    May 30 10:33 AM | Likes Like |Link to Comment
More on AGNC by Changi
COMMENTS STATS
53 Comments
56 Likes