This board isn't worthless because because are spewing insults. I don't care about that. This board is worthless because we have a whole load of hopelessly underwater bagholders who refuse to believe that they may have made a bad investment. They can see no wrong in NLY and are blind to any real analysis.
I don't consider myself a bag-holder because although I'm down slightly concerning my purchase price, the dividends I have received over the years more than makes up for any paper lose.
I will come clean and state my agenda though. I DID NOT participate in the company's DRIP program and have not reinvested my dividends yet. I say yet because I've been waiting for this price drop for a very long while.
I have purchased additional shares every since the price reached $12.60. My lowest purchase so far has been at $11.29. I have the funds to purchase an additional 12,000 shares should this stock's price go below $11 at a price which I have established. YES, I owe a ton of this stock!
Bag-holder: No / Trying to take advantage of a situation: YES