"I would not overestimate retail investors' knowledge of how this business works," says Scott Ulm, co-CEO of Armour Residential (ARR -1.3%). Income fans love mREITs (MORT -1.3%) but can suffer quick losses as rates rise. "We believe mREITs are not appropriate for most individual investors," says Edward Jones' Kate Warne, warning brokers to steer clients away from the sector. Ulm remains hopeful: "As bonds become cheaper, reinvestment becomes more profitable." Beneath a big rally for the averages, the sector is hit again today: American Capital (AGNC -2.6%), (MTGE -1.2%), Annaly (NLY -1.9%), Two Harbors (TWO -0.9%), Hatteras (HTS -1.9%), CYS (CYS -2.8%), Anworth (ANH -0.9%). [View news story]
Judging from the performance of ARR, maybe we shouldn't overestimate Ulms' knowledge of "how this business works".
Nigeria's President says his country will seek to recover $7.8B that audits carried out by a government watchdog found oil companies operating there owed the government in unpaid and underpaid taxes. Foreign oil companies operating in Nigeria include Royal Dutch Shell (RDS.A, RDS.B), Eni (E), Total (TOT), Exxon Mobil (XOM) and Chevron (CVX). [View news story]
Audits, right.
Nigeria's "auditors" are the same ones who send out the money laundering come-on emails in their spare time.
Newcastle Investment (NCT) announces a 30M share public offering, with a 30 day option for an additional 4.5M shares. The company plans to use the net proceeds to make a variety of investments, primarily acquisitions of senior housing properties, but could also include CDO debt, other real estate securities and loans, operating businesses or other assets. Shares -1.4% AH. [View news story]
Now, NCT is still a REIT, right? An mREIT? Getting confused with all these spinoffs.
CDOs? Yikes! It's 2006 deja vu all over again, Yogi.
American Capital Agency Among The Worst mREITs [View article]
Looks like Gary Kain went from being a genius to a dope in a few short weeks, according the the 'analysts', anyway. Thought this only happened in politics and major league sports.
American Capital Agency Among The Worst mREITs [View article]
Ulm, co-CEO of ARR made a statement to the effect that the average retail investor doesn't understand how mREITs work. Judging from his company's performance, he doesn't, either
Corrective Actions By The 20% Yielding American Capital Agency [View article]
Good News Is On The Horizon For Linn Energy Investors [View article]
Chowder Rule Vs. Figure Of Merit [View article]
Annaly Capital Management And The Spread: One Widening Reason Not To Sell [View article]
Annaly Capital Management And The Spread: One Widening Reason Not To Sell [View article]
"I would not overestimate retail investors' knowledge of how this business works," says Scott Ulm, co-CEO of Armour Residential (ARR -1.3%). Income fans love mREITs (MORT -1.3%) but can suffer quick losses as rates rise. "We believe mREITs are not appropriate for most individual investors," says Edward Jones' Kate Warne, warning brokers to steer clients away from the sector. Ulm remains hopeful: "As bonds become cheaper, reinvestment becomes more profitable." Beneath a big rally for the averages, the sector is hit again today: American Capital (AGNC -2.6%), (MTGE -1.2%), Annaly (NLY -1.9%), Two Harbors (TWO -0.9%), Hatteras (HTS -1.9%), CYS (CYS -2.8%), Anworth (ANH -0.9%). [View news story]
Nigeria's President says his country will seek to recover $7.8B that audits carried out by a government watchdog found oil companies operating there owed the government in unpaid and underpaid taxes. Foreign oil companies operating in Nigeria include Royal Dutch Shell (RDS.A, RDS.B), Eni (E), Total (TOT), Exxon Mobil (XOM) and Chevron (CVX). [View news story]
Nigeria's "auditors" are the same ones who send out the money laundering come-on emails in their spare time.
Newcastle Investment (NCT) announces a 30M share public offering, with a 30 day option for an additional 4.5M shares. The company plans to use the net proceeds to make a variety of investments, primarily acquisitions of senior housing properties, but could also include CDO debt, other real estate securities and loans, operating businesses or other assets. Shares -1.4% AH. [View news story]
CDOs? Yikes! It's 2006 deja vu all over again, Yogi.
Worried About Low Dividend Blue Chips? Look To B&G Foods For Yield And Brand Value [View article]
I think they just acquired somebody else today--saw it on CNBC--forgot who.
Yes, they do seem to have a lot of unconnected parts, now that you mention it.
American Capital Agency Among The Worst mREITs [View article]
Maybe it's these 'experts' who are the dopes?
American Capital Agency Among The Worst mREITs [View article]
BDC Risk Profiles: Part 12 - American Capital [View article]
You are prolific! I have saved every one of the series--sort of like a BDC textbook.
Thanks.
Near 20% Dividend Payer American Capital Agency Is Set Up For A Huge Q2 2013 Loss [View article]
Equity CEFs: Top Funds By Fund Family (Part II) [View article]
Misread the Morningstar columns. $0.00 return of cap.
Thanks.
THL Credit: Another Overlooked BDC [View article]