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Annaly Capital Management, Inc. Message Board

  • stillsearchun stillsearchun Aug 13, 2010 11:39 AM Flag

    Why did NLY lose so much money

    As a new investor in NLY, I was alarmed to read their recent earnings release, showing a loss of 222 million. Does this not bother anyone on this board concerning their long positions? I thought their earnings were supposed to be solid as long as rates are low. Now I'm confused.

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    • They booked a loss on their hedges is why they lost so much. Look at the earnings details and you will see that Unrealized gain in holdings went up about as much as the realized loss on the hedges. They are hedged against rates rising so when rates fell and value of the portfolio went up, hegdes went down. I hope this helps and if anyone else can shed more light on hedges, please do.

    • Their "core earning" was not as bad as the difference between loosing 200K and making 200 K but some one must have reviewed the earning conference call I have gone to the web site but it is gone.
      time for some NLY veterans to give us newbies some wise facts.

    • Look at volume! NLY sold in volume today - more then Apple or Dell. It is going to be better. I am in and out and it always work well. Just hold it

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