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Annaly Capital Management Inc P Message Board

  • thomcob thomcob Aug 5, 2009 7:17 PM Flag

    I just can't understand it

    I've tried both here and on the NLY common board to inspire some interest in the NLY preferred, with no luck. There seem to be dozens of people writing about the common, but the preferred has been a superstar with virtually no risk, and no interest by investors (at least those here). The stock pays an extremely well-protected and safe dividend of $1.97 per share, which even at today's price produces a yield of more than 11%. The stock price fell, as did all others, in the Bush recession, but its price that was $12.75 on March 3, then $14.25 on June 1, is now $17.28. I can't figure out why the stock price isn't $25. For buy and hold, income investors, this is gem that's under-appreciated.

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