wouldn't bet on it Chuckster. I sold August $10 calls yesterday against my holdings for .12, I doubt I'll get called.
Maybe you should learn more about investing before you actually make an investment.
I learn a long time ago, reading a company's annual report is like reading a PR release about the company. They never tell the truth and always promote their dreams.
They are usually wrong.
NLY is a good long term investment. How long have you been in NLY? total your divi's and your average cost per shares decreases. Do not be in a rush, you will be OK in the long term.
It's a bit entertaining to watch anvboy aka scam_alert post what is essentially b.s. and occasionally respond to him.
I understand the rational post that says it isn't prime time for jumping into an MREIT at the moment with the FED completely confusing the market with each meeting announcement...I'm definitely in the "hold" column although I might pick up a few more shares since I haven't spent the last 4 quarters of dividends yet...at these prices I could pick up another 1K shares or so with the last 4 dividends...something I'm considering.
I will also say I wasn't thrilled with the change in the way Management is now not under the NLY reporting directly; but, Management has proved itself to me time and time again with their thoughtful way of running the company and very importantly the way they give complete and understandable results each quarter.
Now, do we miss Mike, yes, of course, but Wellington is doing a great job and they also seem to be hiring some really qualified folks recently as well.
So...let the divi's keep rolling in, when interest rates get to some reasonable level...maybe in the 4% range, I think we'll see the market players jump back in and we'll see the stock price get back to a respectable level as well. As I've said over the last few years, you just have to hang on through rough periods with good companies, the stock price will once again reflect an excellent model with excellent execution.
BL1960...once again very happy with another $0.30 divi coming up!
Of course they do...Wellington co-founded the company...are you not aware that there have been periods of rising interest rates since 1997?
I guess you are a "short" with a "short mentality" which is fine, but you continue to post fairly ignorant statements.
It looks like each one of you will learn the hard way, book value will determine the stock price and rising rates causes book value to fall. Good Luck, and remember current NLY leadership have not experienced running their company in a rising rate environment.