Seeking Alpha

McMichaelR

McMichaelR
Send Message
View as an RSS Feed
View McMichaelR's Comments BY TICKER:
Latest  |  Highest rated
  • American Capital Agency's CEO Presents at Bank of America Merrill Lynch Banking and Financial Services Conference (Transcript) [View article]
    McMichael comments that the best interum position would be to convert AGNC shares over to MTGE. What are anyones thoughts on this arrangement?
    Nov 15, 2012. 10:49 AM | Likes Like |Link to Comment
  • Royal Gold (RGLD) -3.4% AH after announcing an offering of 5.25M common shares. RGLD intends to use the net proceeds for the acquisition of additional royalty or similar interests and for general corporate purposes. [View news story]
    With only 19 people on the payroll, they're doing pretty good. The new # of shares will be 63.86 million at a mid-nineties price. New acquisitions will only add to the streams of income.
    Oct 11, 2012. 09:26 AM | Likes Like |Link to Comment
  • More on the Annaly (NLYdowngrade: Morgan's move is part of a larger theme of preferring hybrid mREITs (those buying non-agency MBS) to agency mREITs. The hybrids should benefit from higher non-agency yields and an improving housing market. Upgraded: Invesco (IVR). Downgraded (other than NLY): American Capital (AGNC) and MFA Financial. Everyone's piling into non-agency paper. [View news story]
    Senior citizen, committed to mREITs
    Oct 6, 2012. 12:57 PM | Likes Like |Link to Comment
  • More on the Annaly (NLYdowngrade: Morgan's move is part of a larger theme of preferring hybrid mREITs (those buying non-agency MBS) to agency mREITs. The hybrids should benefit from higher non-agency yields and an improving housing market. Upgraded: Invesco (IVR). Downgraded (other than NLY): American Capital (AGNC) and MFA Financial. Everyone's piling into non-agency paper. [View news story]
    If one is concerned with the problem of all-agency paper, consider AGNC's sister fund, MTGE which can purchase non-agency paper. It too yields about 14% per year.
    Oct 6, 2012. 12:55 PM | Likes Like |Link to Comment
  • Management Teams Direct The Fate Of mREITs [View article]
    I believe AGNC and MTGE are good thru 2014 when interest rates will probably begin to rise, but thats not the end of the world. 1st, enjoy it now and 2nd, look carefully at both the yield and the market value reductions. A quick 15% reduction in market value will cost the investor more dollars than just a reduction in the quarterly yield payment. I'd say get out when the market value starts to drop by reason of the interest rate increases.
    Jul 6, 2012. 11:35 AM | Likes Like |Link to Comment
  • Recent News Bodes Well For Great Dividend Payer American Capital Agency Corp. [View article]
    If one is bullish on AGNC, they should look at call optons out to Jan 2013 with a strike price of about $2.00 over the present market value. Also, to pay for these options, consider selling puts for the same period at a strike price of $2.00 below the present market value. If the stocks drops you get it at a fair value. The best opportunity I believe is in the call.
    Jun 29, 2012. 08:28 AM | Likes Like |Link to Comment
  • Buy American Capital For Diversification [View article]
    AGNC and MTGE both have an additional feature that no one has commented about and that is its ability to increase book value with the 10% of earnings not actually paid out. If for no other reason, if the PE remains about the same, then an increase in book value, along with a steady premium of market value over book, (1.20) the price of shares will rise in a steady fashion. Basis my research, MTGE's market value will rise a little faster that AGNC. Comments should have included information on book value. The book value per share line should have been added to the chart.
    May 13, 2012. 07:55 AM | Likes Like |Link to Comment
  • ETFs Vs. Stocks--Should You Start Your Own ETP? [View article]
    I could have come to the same conclusion without doing all that work. Take the ETF.
    May 8, 2012. 03:29 PM | 1 Like Like |Link to Comment
COMMENTS STATS
8 Comments
1 Like