How American Capital Agency Corp. delivered the goods

Author: Ben Wong

Covestor model: Tactical and Opportunistic

We received our dividend from American Capital Agency Corp. (AGNC) on April 4th. The agency also reported good earnings on May 2 that showed the success of the company’s drive to lower the loan balance of mortgages and loans originating from  the U.S government’s Home Affordable Refinance Program (HARP).

One of our other holdings, Frontier Communications (FTR), has not been doing as well and the company’s stock recently dropped below $4 per share. I’m considering cutting some of our position in FTR depending on their latest earnings report.

Author profile

Ben Wong
Ben Wong
I have been enlisted in the Marine Corps since 2006. Military Occupation Specialty is Ground Radio Repairmen. While in the military, I worked in other various fields of electronics including generators, computers and satellites. Lived overseas in Okinawa, Japan in 2008 and 2009. Did 1 tour in Afghanistan during 2010/2011.