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Annaly Capital Management, Inc. Message Board

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  • xxavatarxx xxavatarxx Nov 15, 2012 1:51 PM Flag

    Holy Moly !!! Annaly buyers swarming in !!

    Bear, it looks more like they are going up in sympathy.
    Look at NLY compared to the other reits today.
    I posted a few reits below with NLY.
    Look at WMC and ARR!

    NLY 14.27 +0.20 (1.42%)

    WCM 18.84 +1.30 (7.41%)
    TWO 10.62 +0.47 (4.63%)
    ARR 6.48 +0.39 (6.40%)
    AGNC 29.91 +1.23 (4.27%)

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    • Jonk did you see "the street" article today about the refi panic being overblown.

      See what Bose George said below about refi's.

      Doesn't that sound like what I've been telling you with NLY.
      Accept with NLY it's just naturally happening due to their high CPR and the fact they sell MBS each quarter for a profit.
      To much portfolio turn over is grinding out their high yielding MBS into over priced low yielding MBS.

      Keefe Bruyette & Woods analyst Bose George believes fears over refinancing are an important reason for the selloff. An increase in refinancing is negative for mortgage REITs because it forces them to reinvest high-yielding MBS that they bought in previous years at interest rates that have fallen to new lows.

10.87+0.22(+2.07%)1:42 PMEDT