Annaly Mortgage misses by $0.06 (NLY) 15.04 -0.37 : Reports Q4 (Dec) earnings of $0.47 per share, $0.06 worse than the First Call consensus of $0.53., so much for that dividend now morons!!!, stockguru985 was right on the money with his posts and everyone acted like he was clueless, he will get the last laugh morons, the dividend is all Annaly has going for it, the earnings are going to decrease over the next year and so will the dividend, due some due diligence before you invest morons...
I hear you. Rolling those repos over at better rates is a help I'm sure but not the main driving factor in providing a more appealing divy. Plus even though Libor is low compared to last qtr and historic levels it still is increasing. Therefore NLY may continue to maintain this hedging to ensure safty going forward. This is especially true given the conservative approach they have taken recently. Give me $.50 divy and I'm a happy camper. lol
i think those averages can be misleading. in other words, the dramatic increase in LIBOR last fall, meant a significant hit to spreads in Q4, even though average maturities were about the same then, as they are now... something like 259 days.. i'd have to double-check to be sure.
plus, who's to say they can't pay-off those repos early, if they feel they can refinance them at better terms today?
Do you have any idea what % of these repos are affected lower due to the decrease in rates? I'm not sure I'm asking the question correctly but with rates lower compared to last qtr, I'm assuming their hedging with repos will have less of a negative impact on earnings??????