Don't count on it, that #$%$ has it made on the backs of common shareholders as she extracts all their remaining wealth, she can't step into the spotlight b/c someone will confront her with a reality that she won't be able to explain or defend.
I believe this thing will be lucky to stop at $8.50, there's no reason to believe it won't cease to exist considering the risk structure and rate of flight of capital. NLY isn't too big to fail and Denahan has enabled the structure for wealth confiscation by removing the direct failsafe. Anyone with brains is GTFU!
10/16/2012 - LOL, management is stealing you blind and you hang onto the distant past, unable to grasp the reality!
I figure mid $8 is best case longs could hope for, I'm confident it can go lower with a governance risk off the chart and with this new structure, management could theoretically walk away with every ounce of shareholder wealth.
She's wealthy at your expense, it's clearly a scam now that management compensation is directly based on number of shares issued.
You're saying this market cap has sunk from $100B to the current $9.6B? That's a huge loss handed to common shareholders and going lower daily! Nice short.....
What percentage of their annual income have insiders bought, I bet they didn't go borrow money in order to buy their own cooking!
I'm sure your observation has a lot to do with the underlying reasins for this correction. Insiders have bought what, 1/30th of their annual income and could decide to reward themselves even more (by issuing new shares so their personal income will expand), for a job well done, all at the expense of common shareholders who naively trust management.
The truth lies in the share price action.
Correct on both counts, token is the operative word! Your bid is a bit high, though.
Where's the fantastic article about Obama generously providing his own personal money to Muslim Brotherhood to finance their needs during the US gov. shutdown?