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ChuckJ

ChuckJ
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  • Update: American Capital Agency's Earnings For Q3 2014 And My Thoughts On The Results [View article]
    Great Job Scott!!! They broke the mold after they made you!
    Oct 28 12:20 PM | 4 Likes Like |Link to Comment
  • JMP's Delaney rings the register on American Capital Agency [View news story]
    Ditto
    Oct 20 12:00 PM | Likes Like |Link to Comment
  • Annaly selling low and buying high? Management discusses [View news story]
    "I appreciate your candor" usually is translated as F-off by the big boys. We'll see what happens to $NLY and others after last year's management actions.
    Feb 27 07:29 AM | Likes Like |Link to Comment
  • Goodrich maintains Tuscaloosa potential, shares rebound 3% [View news story]
    Glad I picked up some more C and D shares.
    Feb 21 04:05 PM | Likes Like |Link to Comment
  • Another slide in book value at American Capital; early Q1 looking good [View news story]
    The full scoop on $AGNC

    Fourth Quarter 2013 Financial Highlights
    " $(0.99) comprehensive loss per common share, comprised of:
    o $(0.28) net loss per common share
    o $(0.71) other comprehensive income/(loss) ("OCI") per common share
    " Includes net unrealized losses on investments marked-to-market through OCI
    " $0.75 net spread and dollar roll income/(loss) per common share, comprised of:
    o Interest income, net of cost of funds (including interest rate swaps) and operating expenses
    o Estimated net carry loss (also known as "dollar roll income/(loss)") of $(0.02) per common share associated with the Company's net short position in agency mortgage backed securities ("MBS") in the "to-be-announced" ("TBA") market
    o Estimated "catch-up" premium amortization benefit of $0.07 per common share due to a change in projected constant prepayment rate ("CPR") estimates
    " $0.65 estimated taxable income per common share
    " $0.65 dividend per common share declared on December 18, 2013
    " $0.59 estimated undistributed taxable income per common share as of December 31, 2013
    " $23.93 net book value per common share as of December 31, 2013
    o Decreased $(1.34) per common share, or -5%, from $25.27 per common share as of September 30, 2013
    " -2.7% economic return on common equity for the quarter, or -10.8% annualized
    o Comprised of $0.65 dividend per common share and $(1.34) decrease in net book value per common share
    Other Fourth Quarter Highlights
    " $68.2 billion agency MBS investment portfolio as of December 31, 2013
    o Includes $2.3 billion net long TBA mortgage position as of December 31, 2013
    " $237 million investment in mortgage REIT equity securities as of December 31, 2013
    o Consists of common stock investments across the agency mortgage REIT sector
    " 7.5x "at risk" leverage as of December 31, 2013
    o 7.3x leverage excluding net long TBA mortgage position as of December 31, 2013
    o Increase of 0.3x from September 30, 2013 "at risk" leverage of 7.2x
    " 7.5x average "at risk" leverage during the quarter
    o 7.6x average leverage during the quarter excluding net TBA mortgage position
    " 8% actual portfolio CPR for the quarter
    o 7% average projected portfolio life CPR as of December 31, 2013
    o Excludes net TBA mortgage position
    " 1.39% annualized net interest rate spread as of December 31, 2013
    o Increase from 1.37% annualized net interest rate spread as of September 30, 2013
    o Excludes net TBA mortgage position
    " 1.56% annualized net interest rate spread and TBA dollar roll income/(loss) for the quarter
    o Includes -1 bps of estimated TBA dollar roll loss
    o Includes 14 bps of "catch-up" premium amortization benefit due to change in projected CPR estimates
    " 28.2 million shares of common stock repurchased during the quarter
    o Represents 7% of common shares outstanding as of September 30, 2013
    o $20.82 per share average repurchase price, net of expenses
    o Existing share repurchase authorization increased by $1 billion to $2 billion for total purchases of outstanding shares of common stock since the inception of the buyback program through December 31, 2014
    2013 Full Year Financial Highlights
    " -12.5% economic return on common equity
    o Comprised of $3.75 in dividends per common share and $(7.71) decrease in net book value per common share
    " $(4.47) comprehensive loss per common share, comprised of:
    o $3.28 net income per common share
    o $(7.75) OCI per common share
    " $2.48 estimated taxable income per common share
    o Estimated undistributed taxable income decreased from $2.18 per common share as of December 31, 2012 to $0.59 per common share as of December 31, 2013
    " 57.5 million shares of common stock issued during the year
    o $31.33 per share offering price, net of expenses
    " 40.3 million shares of common stock repurchased during the year
    o $21.25 per share average repurchase price, net of expenses

    ChuckJ
    Feb 3 06:02 PM | 1 Like Like |Link to Comment
  • Annaly: No One Is Talking About Insider Buying, But They Should Be [View article]
    I was short until just before the div. I'm currently long, hoping I've not made the wrong move.
    Jan 21 05:09 PM | Likes Like |Link to Comment
  • Annaly: No One Is Talking About Insider Buying, But They Should Be [View article]
    1. Who buys 181,000 shares of stock?
    2. I own it at 11 and I'm planning on holding it at least until I can see who of the big guys (like GS, etc) made increases or decreases in their holdings during the fourth quarter.
    Jan 17 01:25 PM | Likes Like |Link to Comment
  • Bells ringing on mortgage REITs? Goldman says Sell [View news story]
    The NASDAQ web site says GS has 2m+ shares and increased their buy by 166% as of the Sept 30 SEC report.
    Dec 7 02:51 PM | 2 Likes Like |Link to Comment
  • Bells ringing on mortgage REITs? Goldman says Sell [View news story]
    Remind us of where to find how many $AGNC and $NLY shares that GS owns.
    Dec 7 11:55 AM | Likes Like |Link to Comment
  • Bells ringing on mortgage REITs? Goldman says Sell [View news story]
    I thought that was JP Morgan Chase, was it GS too?
    Dec 7 11:04 AM | Likes Like |Link to Comment
  • Bells ringing on mortgage REITs? Goldman says Sell [View news story]
    That was my point
    Dec 6 08:22 AM | Likes Like |Link to Comment
  • Bells ringing on mortgage REITs? Goldman says Sell [View news story]
    I wonder where you find how much Goldman owns now and how much they owned 6 months age?
    Dec 5 08:14 AM | 3 Likes Like |Link to Comment
  • Mortgage REITs continue slide amid higher rates [View news story]
    Or $2.5
    Aug 20 08:18 AM | Likes Like |Link to Comment
  • Mortgage REITs continue slide amid higher rates [View news story]
    I'm waiting, there's plenty of time and issues ahead.

    ChuckJ
    Aug 19 10:18 AM | Likes Like |Link to Comment
  • American Capital Agency's Upcoming Q2 2013 Book Value Projection (As Of June 30, 2013) [View article]
    Interestingly, not a lot of short covering going on.
    Jul 30 03:52 PM | 1 Like Like |Link to Comment
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