If you have been reading the earnings transcripts or heaven forbid actually listening to the conference calls the last couple of years then you know the CEO's statements have been very conservative with no mention of divy increases or forecasts until the last two calls, which have been very bullish! I'm reading into this as a steady divy increase and given the low valuation of the stock there will be considerable stock price appreciation as well as divy increases. NLY and AGNC will deliver a 15-20% return with virtually no appreciation, and Obama is threatening to refi their agency backed mortages and that casts doubts upon their viablility so long term I'm going with NCT!
This messages are coming from people with investment brains. I am not in the way that i really understand the NCT-business but i trust on the stock price recovery since beginning of 2009 and those is, related to other REITs, (very) good.
With the recently resumed dividend, i think NCT-management know what they are doing, so i stay at NCT, despite some negative posters here en plans from US government to de-leverage some REITS (like NCT??).
For me NCT is a moderate buy and a strong hold for who already posseses the stock.