what is particularly funny about the $13.50 price target, is NLY could take the whole company private by buying shares at $13.50 for only about $13 billion dollars... NLY took in principle payments and prepayments of $10 billion last quarter....
(no avartarcl, this is not 30% CPR..... ye of little acumen)
I don't know about anyone else, but i sure hope the price stays at these low levels for awhile, so NLY can buy 20% or 40% of the shares back for these small amounts of money we are talking here...
(it would be a shame if NLY took the company private, but hey, no guts no glory...)
That doesn't really make much sense. The sole reason for an mREIT to exist is to pay its shareholders a big fat dividend. To go private would eliminate its sole reason for existing.
Well, not really. mREITS are founded by people who understand that if they handle a LOT of money they will be able to keep a lot of it for themselves. Not to say there is anything fundamentally wrong with mREITS, but facts are facts. The compensation levels speak for themselves.
Jonk, it's pretty hard to hide the garbage in heir 10Q though.
I would tend to agree with FBR.
NLY needs more of a game plan.
They offered none in their conference call.
Buying CXS is nothing.
Perhaps there will be more coming though.
At least they have made an initial move to do something period with the CXS buy.
so they offered no game plan?, except everyone knows what their game plan is with CXS yet it isn't a game plan to you??? there is a lot more commercial paper out there than just what CXS has, and CXS said so themselves, but they didn't have the capital to invest in it......
"my" battle plan? apparently refers to buying MBS paper that the fed is not buying, which you said couldn't happen yet there they are doing it,... and buying back shares, which apparently you don't believe???? yet that is exactly what NLY is doing.. as everyone can see... except for a few with blinders on it appears.