On May 16 / 13 NLY was trading @ $15 + the 10 year Treasury were 2.12%
Today NLY is trading @ $11.85 and the 10 year Treasury is @ 2.53% and keeping on going south until it will stabilize to about 2.10% for at least another year or so!
NLY will go up at least back to $15.00 and when it gets at that point, investors will wake up and start to buy again because of the B.V. and good dividends, Hmmm... bit too late isn't it?
It is not too late, wait, it will come to you. July 29th will provide some answers, for now it is all guess work. If you want to gamble, jump aboard at these prices but IMO the REITS have a considerable amount of uncertainity associated with them. The fear factor will drive this stock lower and then you can make a long term investment, but one must factor in that this business model followed by NLY will be under pressure for some time and interest rates will play a big roleoupled with rewinding of Freddie and Fannie.. We all know rates cannot stay like this forever, the Fed will not keep doing what it is currently doing forever, all of these factors bring uncertainty thus NLY stock and dividends will be under some serious pressure. If you can take the uncertainty, then the dividends will buffer some of the pain, but pain is coming and that is why the stock is now in the mid 11 dollar range.