CYS Investments, Inc. (CYS)

[ZorbaX]

I'm dumping this garbage as soon as it comes back up to what I paid for it...apparently these diptards need a competent investment counselor. This is literally the ONLY security in my portfolio that is down today, and it has been down since I bought in.

[iwitness4jc]

Shotgun, I believe that you are the one that needs to do some research. CYS pays almost 12%, NLY pays over 11% and TWO pays 10.21%. The price on CYS is more than $1 less than TWO and pays the same $.25 dividend.

[shotgun]

wrong..look at TWO..do a little research before you mouth off....TWO is much better than CYS.

[iwitness4jc]

I have both followed and owned this company off and on for the past 3 years and although it is more volatile than I like it is very consistent with the dividends at abut 10-12% each qt. I am hoping to buy back in within the next few days or week sine they are about $1.50 above their 5 yr. low. The only other REIT's company that pays a similar div. is NLY but it costs about $3 more.

There are ETF's that pay more but they are also a bit riskier and consistency is the name of the game for me in the REITS's stocks.

Go CYS.

[QQJoker]

CYS would get a good interest rate spread as the fed taper further, leadings to more net income, and increased dividends.

Good time to buy in now. With a current dividend of 0.32/14.94%. You can always use the dividend to purchase other stocks while you wait for CYS to gain.

This is the way to grow your portfolio.

[jacklondon413]

in for 1K shares, hope to continue to get a small divi each quarter

[bikaver]

Out of CYS with a 16% gain.

[10times7]

The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the "Company") today declared a quarterly dividend of $0.32 per share of common stock for the fourth quarter of 2013. The common stock dividend will be paid on December 27, 2013 to common stock stockholders of record on December 17, 2013.

[10times7]

looks like a good call on your part, Green is good and that .34 cent dividend isnt shabby either

[bikaver]

In CYS @ 7.4

[Penny Roger$]

looks like it might try a head and shoulders here.

[Trinityz1]

holy cow did CYS ever crash
hadn't looked since passed over it a while back

wow

[Penny Roger$]

Has been creeping higher recently

$CYS

[bar1080]

Reported mREIT book values mean nothing with these highly leveraged crap-shoot investments. Anyone who quotes a Discount to Book figure either has inside info (updated that hour!) or he's trying to spin the stock.

Do any mREITs continuously reveal their BV online? I'm not aware of any.

[Trinityz1]

now that was what what I was seeing coming

[bar1080]

UGH! "As if that news wasn't bad enough, book value took a nasty hit, too. The drop from $12.87 at the end of March to $10.20 at the end of June was huge, even considering the $0.34 dividend paid on June 10. Earlier in the day, Deutsche Bank had downgraded a handful of mREITs, including Western Asset Mortgage (NYSE: WMC ) , based on book value declines of up to 16% during the second quarter. CYS, even factoring in its payout, suffered a drop of closer to 19%."

http://www.fool.com/investing/general/2013/07/19/cys-loses-now-all-mortgage-reits-must-pay.aspx

[johnsyn]

GLTY. Not going to take much to start a lemming run, you may get 'em.

[tfgg1]

I have an alert set for 8.25. The manipulators are not done with REITS yet IMO.

[johnsyn]

not that analysts mean the world, after all, they're manipulators, but a couple of the lesser knowns cut P/T to $10-11, so CYS is nice discount right now.

[johnsyn]

it's not a huge mREIT, but they've been adjusting to rate increases. Yeah, the market manipulates the sector big time. Scare everyone, then when low enough, cry "too much", then if it rockets up, "whoa, not so fast". So funny.

[bar1080]

OMG, whata awful chart! (scroll down)

[tfgg1]

J on my watch list. I like this company a lot. The manipulation of the market is amazing to watch. The word tapering has create a nice buying opportunity.

[johnsyn]

Nice payday last night, fun averaging it down from it again. Getting well over 25% annual yield now, increases every divie payout. Looking forward to the day it works out to be 100% return, or when they become free shares, unbelievable returns, just dumping a paycheck in the account every quarter. So funny when someone has no clue how this figures in and tries to compare with S&P growth to show sector lags behind.

[johnsyn]

4:18 PM More on CYS Investments (CYS) Q2 earnings: The company puts together a neat table of how agency MBS prices reacted to Fed actions during Q2, noting sharp drops in prices (and rises in yields) on the days of minutes releases and the June FOMC statement/Bernanke press conference. The volatility created "a dislocation between the value of our assets and hedges" Indeed. A must-read for all mREIT (REM) investors. At today's $8.89 close, the stock traded at a 12.7% discount to book value

[Trinityz1]

Sorry don't have the time or energy to explain the facts
as have actually seen happen in the past 10 years

bottom line
CYS is back off my list to buy for now

[bar1080]

How can shorting destroy a NYSE company? Do you think heavy shorting of say Walmart stock would keep people from shopping there?
I've been investing for decades and I can't think of a single case where shorting played a role in the collapse of a good business.

I'm not trying to get you to avoid CYS. It might soar if interest rates fall. I just want you to understand how mREITs make profits to pay those fat dividends.

The dividends are big because the risks are big.

[Trinityz1]

ok you've convinced me NOT to invest in CYS

I've seen this kind of shorting before on companies like CYS.
Some were wrecked.

In the meantime, it has convinced me to avoid CYS.

[johnsyn]

along with the rest, though I think a lot is panic. People will see it's below it's NAV and jump back on, two ways to trade.

[bar1080]

Stop the silly talk about shorting. mREITs are plummeting because interest rates are rising. There's nothing sinister going on. Actually the "plot" was in the holding DOWN of rates to ridiculously low levels for several years.


"my guess is that CYS has been shorted really really hard"

There are shorters in just about every stock, including this one. Big deal. No doubt all the the great growth stocks (WMT, MSFT) had tons of shorters.

[Trinityz1]

I'm not retired
but am at a place in life where I wouldn't need to be working on a rebound from a disaster

[Trinityz1]

ouch! I was concerned this would happen
dang
my guess is that CYS has been shorted really really hard

[bar1080]

These aren't appropriate retirement stocks, if that's what you're saying. They're highly leveraged BETS on interest rates. There's a ton of room for rates to rise.

Do you understand too that some mREITs have gone out of business? I believe that all of the earliest ones folded years ago.

"don't need to get burned at this stage in life"

[johnsyn]

don't blame you at all, looks like rest of week is a disaster.

[Trinityz1]

I'm going to hold back a bit longer and see how it holds up
before pulling the trigger
don't need to get burned at this stage in life

but still have this one in my sights

bottom line
true performers will still shine
and while maybe not maximizing the possibility
can still come out well with CYS if it holds the course

[johnsyn]

can understand that. Looks like it is climbing a hair. Whether it will hold or not another story. I think the monthly mREIT keeping their next quarter the same is helping today, get rid of the pansy panic sellers.

[Trinityz1]

it tempted me to buy and load the boat
but the possible backlash downside made me back off

[johnsyn]

could be. A number of sources question it's sustainability, but if it did have decent quarter, it MUST pay out accordingly.

[Trinityz1]

CYA is something to look at these days with news like this

except they're looking to get a positive run with this kind of announcement
which usually means a dump right after the payout

[johnsyn]

CYS Investments, Inc. Board of Directors Declares Second Quarter 2013 Common Stock Dividend of $0.34 Per Share, and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Jun. 10, 2013-- The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the "Company") today declared a quarterly dividend of $0.34 per share of common stock for the second quarter of 2013. The common stock dividend will be paid on July 17, 2013 to common stock stockholders of record on June 25, 2013.

In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.484375 per share of Series A Preferred Stock for the quarterly period that began on April 15, 2013, and ends on July 14, 2013. This dividend is payable on July 15, 2013 to Series A Preferred Stock stockholders of record as of July 1, 2013.

In accordance with the terms of the 7.50% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series B Preferred Stock cash dividend of $0.390625 per share of Series B Preferred Stock for the partial quarterly period that began on April 30, 2013, which is the initial issuance date of the Series B Preferred Stock, and ends on July 14, 2013. This dividend is payable on July 15, 2013 to Series B Preferred Stock stockholders of record as of July 1, 2013.

[johnsyn]

9:19 AM What the Fed doesn't understand because it's made up of academics, says CYS Investments CEO Kevin Grant - presenting at KBW (presentation) - is the 30-year mortgage market is a forward market, i.e. there's no such thing as a slow adjustment, changes are priced in immediately. 30-year MBS are now priced for Operation Taper, he says, noting the large decline in 30-year vs. 15-year paper. CYS is loving it, picking up assets at spreads it couldn't have hoped to achieve previously

[johnsyn]

9:24 AM Mortgage REIT CYS gets an upgrade from Compass Point to Buy from Neutral with a reiterated price target of $13.50. Analyst Jason Stewart cites a favorable interest rate environment, a compelling share valuation, and changing investor expectations, but also notes Fed purchases will keep MBS spreads compressed thus putting a lid on ROE expansion.

[johnsyn]

amazing, it still moved higher.

[Trinityz1]

from experience that doesn't work well with the tax man

[johnsyn]

as investors "protest" the cuts by dropping shares for a couple days, it'll make the yield pop enough to pull them back in again, that's all the game is, dump and rebuy lower.

[Trinityz1]

that's still a great yield, imo

[johnsyn]

6:33 PM CYS Investments (CYS) declares a Q1 dividend of $0.32/share, down from $0.40 previously. At the closing price of $12, it's an annualized yield of 10.7%. Shares -2.2% AH to $11.74, an 11.8% discount to the latest stated book value of $13.31 on Dec. 31.
The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the "Company") today declared a quarterly dividend of $0.32 per share of common stock for the first quarter of 2013. The common stock dividend will be paid on April 17, 2013 to common stock stockholders of record on March 25, 2013.

In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.484375 per share of Series A Preferred Stock for the quarterly period that began on January 15, 2013, and ends on April 14, 2013. This dividend is payable on April 15, 2013 to Series A Preferred Stock stockholders of record as of April 1, 2013.

[johnsyn]

SA statements that called themselves market currents, but had the additional stated "Can it be sustainable or cut more?" crapola from the anti-mREIT SA editors. Left it out.
I'm guessing the special dividend is to beat expected new taxes starting next year. It could be the actual divie payout will be decreased accordingly to that special divie amount, but we'll see. At least I'm mentally prepared in case I'm right. But better if I'm wrong.

[Trinityz1]

wow, looks like CYS is on track

[johnsyn]

4:39 PM CYS Investments (CYS) declares $0.40/share quarterly dividend. For shareholders of record Dec. 21. Payable Dec. 28. Ex-div date Dec. 19. Additionally, the board declares special dividend of $0.52/share payable with regular dividend.

[johnsyn]

Good news, the MBS holders haven't been selling at all 10:35 AM More from JPMorgan on MBS: The mREITs will continue to purchase agency MBS even with the Fed dominating the market, says Matthew Jozoff, noting the firms weren't sellers even during the financial crisis. With their stock prices already below book value (pg. 14), the main threat to mREITs would be a termination of repo funding or a massive MBS sell-off - neither very likely according to Jozoff's team.