Sizable buys by multiple insiders within the past week may be the most positive news to come out of NLY in recent months. To me this implies that no significant drop in book value or in dividends is anticipated in the near future . Having been an investor in NLY for over a decade ( in and out ), shares have almost always been a good buy when bought below book value.
Wellington Denahan purchased 181,818 shares on August 20-21 and currently holds 1,195,081 shares or 0.1% of the company. Wellington Denahan is the Chairman and Chief Executive Officer of Annaly.
Kristopher Konrad purchased 17,000 shares on August 13 and currently holds 213,035 shares or less than 0.1% of the company. Kristopher Konrad is Co-CIO of the company.
John Schaefer purchased 10,000 shares on August 12 and currently holds 35,000 shares or less than 0.1% of the company. John Schaefer serves as a director of the company.
What consequence is it of for an Chairman/CEO making probably a million every months to buy $1 milIion worth of stock. All this 10K shares purchased etc. - those are useless. What % of co-CIO's salary did it take to buy them ? For the most part - ignore insider buying/selling.
hi deepsub... take my word.. the bond market has no independent thought.. have you noticed that the short end is lower than a month ago? and the longer maturities have risen disproportionately less? The rise in the ten year is oversold and largely due to media speculation and herd mentality.