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.
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.
Glad that happened!!! A bit more breathing room.
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!
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.
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
More thoughts and just my opinion....perhaps the Taxi medallion business may be split off and leave Medallion Bank as a separate company? Thoughts?