So on my early 2010 basis of $17, and a yield for 2 years ( part of which has already passed without the sky collapsing ) of an average of 15% ( it has been higher so it can drop some and still hit that ), then even if the stock would drop to 12 I would still be breakeven. Has the stock been below 12 in the last five years. Well yes, once during the panic of post Lehman collapse. How in the world are the shorts expecting to run me off with that kind of math? Tell me what I must be missing, while I wait for the next beefy dividend check.
Leaving aside the many similar questions posed on message boards in 2008 like New Century, Novastar, Accredited, RAS, KFN and many others (now all zero or nearly so) that were answered suddenly and violently, no one looking to "run you off" GMAX.
Just remember that you are getting paid in dollars, and that keeping The system open (so NLY can continue to free ride taxpayers) will almost certainly destroy the value of the dividends you collect in absolute terms.
The dollar is down 30% in the last 10 years, and that is just the beginning.
inflation is bogey? OK I am good with that. Hard to inflate when no one wants to borrow much and 17% of the workforce is unemployed, underemployed or just discouraged not looking. No wage pull inflation can ignite. Sooner or later, rates will rise, but from where I sit that aint next week.