AG Mortgage Investment Trust, Inc. (MITT)

[Taurus69]

$mitt $2.93 v -0.11 (-3.62%)
Volume: 1,797,535 @12/31/20 7:30:05 PM EST

[CorkyKitty]

And it dumps.

[maent]

Hello my old friend!!!! Divi reinstated!!! Lets get this thing running again!

[Taurus69]

$mitt $3.38 ^ 0.1 (3.05%)
Volume: 966,875 @12/10/20 6:24:04 PM EST

[Taurus69]

$mitt $3.44 ^ 0.09 (2.69%)
Volume: 1,289,205 @12/04/20 7:55:07 PM EST

[Johnstonj27]

So far today's high is our book value reported $3.34 interesting..

[Johnstonj27]

Lunch time Dip!!!

[Johnstonj27]

Something internally must have happened new deal or something... above typical just green day.

[Johnstonj27]

Boom Time!!!! Let's Go another run to $8

[Johnstonj27]

Boom Time!!!! Let's Go another run to $8

[JustBegin]

Yes sir!! Loving it!!!

[Johnstonj27]

Awesome Green!!!

[Johnstonj27]

$3.34 Book value given were not even close to there yet.... Go MITT BULLS

[Johnstonj27]

As far as I am concerned the company demonstrated it can survive and should be recovering much higher... I mean look at the Dow,,, it recovered.. what killed this one was the margin call sell off in March.

[Johnstonj27]

Yes, nice day finally people recognizing the undervalue position here... so volume last couple days hopefully shorts were covering and gets bullish here on out.

[JustBegin]

Nice day!

[JustBegin]

Yea. Undervalued. It's moving AH. Hopefully it can maintain the momentum

[Johnstonj27]

$3.34 Book Value reported in 10-Q Bulls charge... undervalued way too much.

[Johnstonj27]

Twice recently over $ 3 pre market... not sure why keeps getting hammered each time at opening.

[JustBegin]

Yep, got me excited. Thought it gonna be over $3 today.

[Johnstonj27]

Sure was good Pre Market...

[Taurus69]

$mitt $2.76 ^ 0.1 (3.76%)
Volume: 746,532 @11/13/20 5:11:28 PM EST

[Johnstonj27]

It is already showed a ability to continue on after the restructuring... should be going back up much higher than this. I feel like this is a last effort by MM's etc whoever to get out of short position and then hope people will buy the hell out of it.. I mean $ 3.34 book value and 2.72 right now...

[maent]

This will run again. Every day it gets closer to reinstating that Divi. I believe that is what people are waiting for.

[Johnstonj27]

Couldn't resist just added more...

[Johnstonj27]

Link http://www.agmortgageinvestmenttrust.com/news-releases/news-release-details/ag-mortgage-investment-trust-inc-reports-third-quarter-2020

[Johnstonj27]

Put this as more BULLISH then prior ER... as far as I am concerned.

[Johnstonj27]

Look at snapshot from Q3 10-Q

THIRD QUARTER 2020 FINANCIAL SNAPSHOT

$0.44 of Net Income per diluted common share(1)
Record high quarterly profitability at Arc Home driven by strong origination volumes and gain on sale margins
$3.34 Book Value per share(1) as of September 30, 2020, compared to $2.75 as of June 30, 2020
Book Value per share(1) would be $0.31 and $0.17 lower after deduction of the accumulated and unpaid preferred dividends outstanding as of September 30, 2020 and June 30, 2020, respectively
$1.1 billion Investment Portfolio and 0.9x Economic Leverage Ratio as of September 30, 2020 as compared to $1.0 billion and 0.8x, respectively, as of June 30, 2020(2)(3)(4)
$242.8 million of MTM recourse financing and $476.0 million of non-MTM non-recourse financing as of September 30, 2020 as compared to $278.7 million of MTM recourse financing and $409.6 million of non-MTM non-recourse financing as of June 30, 2020(a)
At September 30, 2020, had total liquidity of $82.4 million inclusive of $44.6 million of cash and $37.8 million of unencumbered agency fixed rate securities as compared to total liquidity of $68.2 million as of June 30, 2020
Capital Activity
Exchanged 516,300 shares of common stock for 103,260 shares of preferred stock in the public Exchange Offer
Utilized ATM program to issue approximately 0.4 million shares of common stock for net proceeds of approximately $1.2 million
Issued 1.4 million shares of common stock to the Manager in satisfaction of deferred base management fees of approximately $4.3 million
Shares issued to the Manager were valued at $3.15 per share based on estimated book value per share as of August 31, 2020

[Johnstonj27]

Crazy the push down happening here.. $3.34 dollar per share book value just assigned too... wait till that value gap fills...

[Johnstonj27]

This company did a lot to restructure and direct towards achieving a profit... not sure why getting beat way below even the recorded book value... Only thing I can assume is just alot of shorts still trying to do the hard press on this one.... obvious a group was all over this and then pumped it to $8... Dow way up...

[getmoreshares]

gained some back with IVR-- still not green.

[Johnstonj27]

Yeah but the markets have roared back you would think a reverse would have at least started... this is just been pressed down hard by someone. I mean they have restructured even paying a dam dividend now on their preferred shares again... something will have to start to give soon...

$3.34 book value assigned to these shares last 10-Q

[getmoreshares]

MOST REIT are DOWN

[Johnstonj27]

What gives here $3.34 Book Value Assigned?.. and tanking not making sense... normally the accountants are totally very conservative on their values too.

Should be trading higher than $3.34 currently... what a opportunity

[Johnstonj27]

About time its our turn here. I mean think MM's allowing short buddies out slowly not trying to trigger squeeze.... personally as this should fly past the $3.34 book figure dropped in 10-Q 3rd quarter just released Monday.

[getmoreshares]

ABR also had a good day

[Johnstonj27]

IVR on fire today... trend up!!!

[Johnstonj27]

Feels like a lot of short covering happening today!!!

[Johnstonj27]

Up 6.66 Precent... ugh...

[Johnstonj27]

$3.34 Book Value Let's fix this SHARE PRICE!!!

[Johnstonj27]

MONSTER RUN ABOUT TO START!!!

[Johnstonj27]

BULLS SEND it!!! Unleash the BEAST!!!

[Johnstonj27]

$3.34 BOOK VALUE STATE... Correct!!!

[Johnstonj27]

A lot of volume back into this again... already high volume and it's early

[Johnstonj27]

Wonder how much of this group got out and covered their short position today... watched bid whacking push down all morning... sells way below current bid yeah right... everyone wants to sell way less then the current bid... hope they start taking this at least where the book value says $3.34 a share but we have seen where it was remaining higher than the last called book value earlier after covid release.

[Johnstonj27]

Wow, was doing great... this morning the powers that be couldn't let that happen bid whacked the hell out of this right now...

[Johnstonj27]

Hit $3.17 Pre Market.. Today

[maent]

Should be a very good day here. Might start the trek back to where this PPS belongs.

[Johnstonj27]

Sure glad just got a $3.34 book value in 10-Q today.

[Johnstonj27]

Only thing that makes sense is MM's protecting the shorts right now... we should see a correction start happening.