Mario mentioned it and I jumped in at $12.98 this morning at the opening. I did my DD and the company has NO Debt and $95 million ( $10/shr in cash) in cash so you are getting the company for $3.00 ,
Sentiment: Strong Buy
Read article in Barron's on MLM as winner due to 2015 Highway and Construction Bill passed by Congress last December.... sorry cannot post the link as Yahoo deletes my posting with the link.
I can't believe it...I was going to post that very thought! Perfect timing too and @ $60 for a 3 for 2 split would be perfect after 25 years of trading. WM's first split!
Glad that happened!!! A bit more breathing room.
I am sure NLY performed their DDs as to whether the deal will go through. HTS is basically adjustable mortgages not fixed rate as NLY does.
NLY borrows short term so long as short and long term move up in unison...the larger the gap (spread) the better our returns. If short term drop and long term stays or goes further higher...better for us too.
Time for a dividend increase..its only been 18 months since the last increase!