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Annaly Capital Management, Inc. Message Board

  • board_police_2 board_police_2 Sep 10, 2003 11:12 AM Flag

    Gotta love those amazing analysts......

    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!

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NLY
10.90+0.10(+0.93%)Jul 22 4:02 PMEDT