NLY "announced that it expects to pay a Q3 dividend to be $0.25-$0.30 vs Piper Jaffray's estimate of $0.55 as U.S. mortgage prepayments in July and August were at the highest levels in history. Firm cuts its Q3 est to $0.27 from $0.52 and Q4 est to $0.52 from $0.58. Piper is also lowering its Q3 dividend est to $0.27 from $0.55 and Q4 dividend est to $0.52 from $0.56"
Boy, that Piper Jaffrey is awesome - right after company announces drop, Piper reduces their estimate. Aren't they supposed to PREDICT or at least ANTICIPATE these things? Any idiot (even me) can cut estimates AFTER the fact. What they hell do these morons get paid for? Let's see how many other "experts" come in with revised estimates after-the-fact.
What a joke these clowns are. Next week maybe they'll suggest you sell your Enron and Worldcom!
Brokers will cause you to go broke........ I am in it for the long haul.... Looks like it is time to buy..... some have already made a good profit today by buying off the lows and even if they sold now.... I will continue to add thru the drip program they offer.... lol