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DividendMaven

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  • American Capital Agency's Upcoming Q2 2013 Book Value Projection (As Of June 30, 2013) [View article]
    Scott,

    Your projection for AGNC's BV of $25.40 as of 6/30/2013
    was just eleven cents below their reposrted amount of $25.51.

    Great job! What do you think the next dividend declaration will
    be?
    Jul 29, 2013. 04:28 PM | 2 Likes Like |Link to Comment
  • mREITs During Q1: More Bad News, But A Few Winners Emerge [View article]
    DDMCD,

    I like ORC and have been adding to my position
    May 16, 2013. 12:34 PM | Likes Like |Link to Comment
  • After Dismal Earnings, 3 Hybrid REITs I Am Considering To Replace American Capital [View article]
    I received an email from Website EarningsForecast.com
    purportedly claiming to provide a free report containing
    consensus estimates for AGNC earnings for the next
    quarter and next fiscal year. As this "free" report states,
    "Our quantitative research models compare
    current (AGNC) PE ratio with historical PE
    ratios, adjust the historical PEs by including the
    influence factors like Company Growth Rate,
    Company Size, Financial Leverage and Price
    Volatility." Omitting all the charts and grpahs,
    what they claim is that the consensus estimate
    for next quarter's earnings for AGNC is $0.00
    and the consensus estimate for the next fiscal
    year's earnings for AGNC is also $0.00.

    Which is why such research reports are worth
    exactly what one pays for them.
    May 14, 2013. 10:07 AM | Likes Like |Link to Comment
  • American Capital Agency Corp. To Ring NASDAQ Opening Bell In Celebration Of Five Years As A Publicly Traded Company [View article]
    Guardian.

    Ironic isn't it!
    May 13, 2013. 01:42 PM | Likes Like |Link to Comment
  • American Capital Agency Corp.'s Detailed Dividend Sustainability Analysis [View article]
    Scott,

    One thing that has not been mentioned in the discussions so far, is whether we should expect to see the same relatively large loss
    announcements in income and book value for AGNC's sister trust, MTGE? After all, both have virtually the same management staff and advisory board.
    May 4, 2013. 03:34 PM | 2 Likes Like |Link to Comment
  • American Capital Agency Corp.'s Detailed Dividend Sustainability Analysis [View article]
    Scott,

    Through all comments and discussions, no one seems to have mentioned where AGNC will likely open up or fall to in tomorrow's trading (May 3rd). The company itself, as part of its press release
    reported that book value was now $28.93 per share. On that basis, I think AGNC will open below $30 on Friday and possibly
    dip below $29 during the day. In view of your sterling analysis, I will be adding shares in AGNC (and maybe to its sister company MTGE as well) tomorrow.
    May 2, 2013. 06:42 PM | 1 Like Like |Link to Comment
  • American Capital Agency's President Bought $655,000 In Shares This Week [View article]
    To all,

    I went to the historical insider trades at E-Trade for AGNC
    which showed that over the past year Mr. Kain purchased
    the 20,000 shares on August 7th and prior to that on May 21st
    he was awarded 174,665 shares at zero cost. These were
    the only two actions over the past 12 months, sharewise.
    Aug 11, 2012. 11:35 PM | 1 Like Like |Link to Comment
  • 5 Monthly Dividend Stocks With 4.2% To 16% Yields [View article]
    Todd,

    Did I read you right about MAIN? You said its bv as of June 30th
    was $16.89, yet its closing price on August 8th was $25.88. This
    represents a price to book premium of 53%, which I find very scary.

    -- Dividend Maven
    Aug 8, 2012. 10:20 PM | Likes Like |Link to Comment
  • Huge Dividend Growth Plan Makes Williams Companies A Buy [View article]
    So which is the better opportunity, WMB or WPZ?
    Jun 17, 2012. 06:09 PM | Likes Like |Link to Comment
  • Why I Recommend A 'Hold' On American Capital Agency's 16.1% Yield [View article]
    Todd,

    I too am holding my shares in AGNC, neither selling nor buying aditional shares. My question is, are you doing (or recommending)
    the same for AGNC's sister firm, American Capital Mortgage (MTGE)?

    --Dividend Maven
    May 1, 2012. 10:01 PM | 1 Like Like |Link to Comment
  • CYS: A High-Yield mREIT To Invest In Now [View article]

    Todd,

    I apologize. I do my investing through E-Trade, and their data feeds
    are ordinarily pretty accurate. Reproduced below was the real-time summary for CYS as of 11:05 am 10/25/2011, which shows a negative 65 cents in earnings per share for the trailing twelve months. I'll call E-trade and then submit a written complaint
    to them so they can determine the source of the misinformation that's being transmitted to them regarding CYS.

    -- Dividend Maven

    CYS INVTS INC COM CYS: NYSE
    Services : Real Estate Operations
    SnapshotChartsNewsOptions ChainsAnalyst ResearchFundamentalsEa... ActivitySnapshot Classic View »
    Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
    12.46 -0.140 (-1.11%) 12.45 x1,000 12.46 x4,700 12.44 - 12.60 223,713

    NYSE Real Time Quote Last Trade as of 11:05 AM ET 10/25/11 Extended Hours Quote and Chart: Show|Hide.Open 12.60
    Previous Close 12.60
    52 - Week Range 10.52 - 14.07
    10/4/11 - 12/7/10
    Avg Volume (10 days)939,299
    P/E (Trailing 12 mo.)--
    EPS (Trailing 12 mo.) -0.649
    Next Earnings Date2/3/12
    Market Cap 1.0 B
    Shares Outstanding 82.8 M
    Beta --
    Dividend Yield 17.66%
    Quarterly Dividend 0.55
    Ex-Dividend Date 9/19/11
    Dividend Payable Date 10/19/11
    Oct 25, 2011. 11:22 AM | Likes Like |Link to Comment
  • CYS: A High-Yield mREIT To Invest In Now [View article]
    Todd,

    Loved your article on CYS as well. I am of the same camp and
    am long AGNC, HTS, NLY, IVR and AI (Arligton Assets). I am
    leery of CYS for the reason shown below:

    mREIT P/E EPS Div.
    AGNC 3.94 7.03 5.60
    HTS 6.12 4.06 4.00
    NLY 5.59 2.86 2.40
    IVR 3.61 4.01 3.20
    AI 5.72 4.28 3.50
    CYS ---- -.65 2.20

    You'll note that the earnings for AGNC, HTS, NLY, IVR and AI
    are all sufficient to cover their dividend, but for CYS it's not
    just the case that earnings are positive but less than the
    dividend, they're negative. So what am I to conclude but
    that the "dividend" is return of capital, which is being
    depleted at the rate of $2.85 ($2.20 plus $.65) per share
    each year.

    -- DividendMaven
    Oct 24, 2011. 05:38 PM | Likes Like |Link to Comment
  • Essential mREIT October Investor Details [View article]
    Todd,

    Have you looked into the new ETF that came onto the scene during
    the summer, Market Vectors Mortgage REIT income ETF? It closed
    on Friday at $21.40, claims to pay a monthly dividend of $.68, for
    an annual yield of 38 percent. Sounds unbelievable but I figure
    what they must be doing is using 2X leverage on a portfolio
    of mortgage companies like AGNC, ARR, HTS, IVR and
    others paying more or less 19% on average. I read their
    on-line prospectus, but it does not show what MORT
    specifically holds in portfolio.
    Oct 9, 2011. 12:54 PM | 1 Like Like |Link to Comment
  • 10 Stocks Currently Yielding 14.4% And Higher [View article]

    Todd,

    It's not the Refi threat that's bringing down Mortgage REITS, but rather SEC's just-issued proposal to regulate them as investment companies which would make them subject to the Investment Act of 1940. This would greatly reduce the ability of Mortgage REITS to access the financial markets and therefore lose their ability to employ the high levels of leverage they now enjoy because once they're subject to the Investment Act, they could no longer use anywhere near the current levels of low-rate, short-term debt to finance their bond purchases. They would also have to publish their net asset values daily, which given the number of assets in their portfolios might significantly increase overhead costs.

    -- Dennis in Maryland
    Sep 1, 2011. 09:13 PM | Likes Like |Link to Comment
  • American Capital Agency's Secondary (And High Yield) Provide Opportunity [View article]
    What everyone's comments on AGNC seems to overlook is the fact that most of the other mortgage companies in the financial services sector are raising capital by issuing stock, including ARR, CYS, EFC, HTS, IVR, RSO TWO, etc. The proclaimed purpose in each case is to invest the proceeeds in acquiring additional mortgage assets, all this at a time when housing starts are shrinking. In my mind this is as flawed a business model as each company in a collection of firms comprising a given economic sector claiming that they are going to increase sales and profits by increasing market share. That cannot logically be the case as market share can never collectively exceed 100 percent. In AGNC's case, the funds it and all other similar mortgage companies are raising is going to be chasing a pool of smaller and smaller opportunities as housing starts continue to recede.
    Mar 22, 2011. 11:45 PM | Likes Like |Link to Comment
COMMENTS STATS
15 Comments
8 Likes