Getting more difficult to stay, given that yields of similar MREIT stocks are better elsewhere (IMH and NFI) and with potential of stock price appreciation more likely elsewhere (AHMH, LEND). Do not want to put all my eggs in one basket which is why I have some $$ (still) with ANH rather than shooting the wad with NFI or LEND. But with the recent CC indicating that the next quarter will be weak with an expected strengthening in 2004, it would seem that staying with ANH is the less profitable way to go for now. Likely holding stock price pattern in high 13s to low 14s for at least several months if not longer with div yield no higher than 9%. Maybe I am missing something here but it would seem that the money would be better invested elsewhere for the next 6 months and worth the commission fee to exit for now. Unless I am missing some important fact about ANH that would make the numbers better than they appear.
Geez ... expanded business for ANH, as announced after the bell today, will bring its business closer to that of the IMH's of the world. I believe the worst for ANH relative to its performance to other MREITs (except for NLY) is over, due to the business ANH will expand into, as stated in the announcement. Makes holding onto ANH a bit longer justified.