Those days are over for NLY, when interest rates were going down, they made money and paid nice dividends, NLY management is in a very different enviornment now and Denahan has no clue how to lead NLY through this new interest rate world about to start this summer. IMO, investors need to do some serious research especially on the hidden salaries now paid regardless of their performance. Denahan is one of the highest paid females based on this change in pay system she instituted last year.
The market seems to see downside not upside. Short interest rose 4 million shares from the end of January to recent report filed 2/13/15 - Selling my last few shares today, moving on to better places to get a return on my investment. Many on this board still do not understand the shady leadership now at NLY, all for them. The high interest rates attract those that do not do appropriate DD and then find out as you have that it does not pay off.
Your story and experience says it all, why would you want to put your money in a management team that now pays itself huge salaries and bonus based on the size of their portfolio, not performance and as a stockholder get nothing after holding it since 2013.
Agree 100% with no sign of anything to improve shareholders positions.
load up on this beauty and report back 12 months from now and and share your experiences owing this stock.
Everything affects KORS stock price, except positives news. Every retailers stock today was up, but Kors was down. All retailers except those USA only rely on overseas shipments. Watching Kors stock movements tells us that Kors management is just not in touch with the shareholders, they only want what they can acquire. Twenty two million shares of Kors stock was sold last year by two of the initial investors and each one of them tripled their investment. How is yours doing?
Kors is the only one down. this stock is turning into a short term trade between 65 and 75.
Thanks Chuck, I wanted mmethod25 to look it up, you helped him with your response or he found it and then realized he was wrong. Mickael was the brains behind NLY never understood why the current CEO was included as one of the founders of NLY.
More investors still have bruses from early last year to do much thinking about what to do. LUXOR will start to make money on their investment if we see a couple more days like today which should help others still holding this stock. We need a couple of good quarters to get this stock back where recovery is possible for the majority of the long term investors that stayed with this turkey.
I missed this piece of info, Macy's was was given a sell rating, the first time to receive such a rating since 2009
CNBC had an analyst on this am which had zero good news for all retailer in general, Focus was on Macy's with expected slow down in earnings, etc, etc, and Macy's happens to carry KORS merchandise, so as you stated, this was a negative statement and now KORS is moving down from the 73.30 close on Friday. If you want to trade this stock, it plays well for a few points when it starts to move up toward the 75
How do you know that Farrell did not graduate from college? Can you prove it?
Welcome to the events long term investors have enjoyed after the IPO excitement run it's course.
Just do not know how to interpret the moves today in retail stocks, generally retailers are mixed today but the top perfoming stocks as of this posting is SHLD up 5.5%, JCP up 2.68%, KORS UP 2.22% then COH UP 1/2%, I guess your could conclude that KORS is considered to be in the same class as SHLD, JCP AND COH. If this is possible then KORS is not what I would find worthy of future investment.
I cannot find anything about the co-founders other than their business dealings and education. Did these two guys get a up front payment for the company they founded? If they own shares in the company it is hidden or I just cannot find the link to disclose their ownership. I am interested in this company but do not want to get into another new company where the ownership suddenly announces a SPO so they can cash out leaving the shareholders holding the bag. Any info or help would be appreciated..
If you want to get a full dose of frustration, assuming you are not already in this stock, get in and report back 12 months from today and let us know how much you enjoyed being a Kors shareholder.
Totally Agree - low ball then beat - Always something out of sync with earnings - lower margins and discounting do not work for a high end retailer. Market loves AMZN and hates KORS and KORS managment still not shareholder friendly unless you bought the IPO and sold out back in Feb 2014. Good luck Rich, I am moving on - putting KORS in my rear view mirror.
Still makes you wonder how this company can achieve success when they continue to replace departing staff. I guess the shareholders can feel real good knowing the new CEO, liberal arts major from Florida State, is in charge, She may be one of the founders but she is not a replacement for Ferrell who was the brains behind this companies success. IMO, all NLY shareholders should sell and buy AGNC, a company that reveals everthing about their earnings, executive salaries and expenses and always mentions their focus is on shareholder value. So glad I made the switch. Those long term NLY shareholders should do some DD and make the move, which i believe you will do when you see the light.
Riley has been pumping this stock all the way down from the mid 50 range. Now they want us to believe them at 16.