I understand that, but the stock was at 10.44 the end of last month. That means there is an additional loss.beyongd the dividend adjustment, of .67 this month.
What's going on? Pre-market PPS dropped to 9.47.. I don't see any changes in the fundamentals / news for this tondrop this much. Just the ex-dividend date today and nothing more.
Anybody knows what's driving this down?
No bashing please. I just want to know what's happening.
are you an idiot? it is hedged against adverse move in rates. however, the market has discounted this beyond reasonable recognition, probably due to idiots who haven't a clue. book value hurts profits??? not if you don't sell!
Sentiment: Strong Buy
Simply stated: Annaly capital mgmt. is (mgr/owner) of cim they authorized a huge r/s years back and recently authorized another recently.
Increases share price.
All IMO you are entitled to your opinion---I have mine--Still long--Still holding--My choice!!
They sure have been doing a good job so far making money in a bad environment. Read on you will see they are positioning for rate hikes as well as hiring the entire GE commercial lending staff all five of the top guns.In addition book value only means something when the company is for sale .Not happening as of now.The price sure is low but the dividend is good. So if you want to fly without a co pilot that's cool its your money.
The Obamacare decision today illustrates exactly what you said. If Hillary is elected, the courts will become massively liberal and support everything Hillary does, both legal AND illegal.
And Hillary said on the campaign trail the other day that she supports virtually everything Obama has done.
Shorting makes as little sense as being long. There is no way for them to make money on the spread, as longer rates rise their portfolio of existing mortgages gets hit in book value, and as short rates are raised by fed their cost of leverage goes up. You can hedge all you want and guarantee a controlled slow loss.
and there is a guarantee that you will lose all your money shorting this stock plus you will be paying the dividend out of your pocket
With her guaranteed $25M salary, there is zero reason for the abusive CEO to change anything. Most likely, at some point down the road when rates are again in favor for REIT's, she will do a reverse split followed by several rounds of secondary offerings to raise more capital and further pad her salary.
I am long for a long time and have done ok with the dividend payments however, I am getting concerned that management may be taking this down the same path as cim (large reverse split).
All thoughts welcome.
pumpers and bashers.