|Day Low/High||8.78 / 8.99|
|52 Wk Low/High||8.74 / 10.76|
"One last thing." -- Lt Columbo We had a dialogue today in the Comments Section on Annaly Capital (NLY). I cautioned that dividend will likely be cut and that even current deflated earnings estimates are inflated. But the company just cut its divide...
The volatility of their prices does not indicate risk to their income streams.
Armour's next move will be higher, although management will postpone that as long as possible.
Here is a list of items that I'm thinking about as the day get under way. Below are some items worth noting: Barclays' Barry Knapp moves from bear to bull, setting a new year-end S&P 500 target of 1800. As mentioned by Paul "The" Price "Is Right" on...
This REIT and this closed-end fund should get a lift, and their charts are bullish.
The deterioration in mortgage REITS has been extraordinary. The carnage in the mortgage-backed securities market was vividly displayed in Hatteras' (HTS) earnings report today. I have been reducing my Chimera (CIM) long at $3 (or better), and I plan...
Stocks that trade below book and have insider buying often outperform.
I far prefer Altisource Residential fundamentally over Chimera. While I still think there is a chance that Annaly (NLY) acquires Chimera (CIM), in response to a number of emails, I far prefer Altisource Residential (RESI) fundamentally over Chimera....
Run, don't walk, to read Paul Price's thoughtful analysis of Annaly. Run, don't walk, to read Paul "The" Price's "Is Right" thoughtful analysis of Annaly (NLY), which highlights the challenges and headwinds to the mortgage REIT sector.
Annaly has the honor of being lower now than at the nadir of the broad market,
Whether the Fed tapers or not, these are the ideas I'm considering right now.
I bought small Chimera Investment (CIM) at $3 this morning. I have reduced fundamental conviction (owing to rising interest rates) in the name, but an Annaly Capital (NLY) acquisition of the company still makes sense.
We'll finish out the day with an investment idea and one more spec play, both from the same family.
My view is that Annaly ultimately acquires the company between $3.80 and $4.00 a share. As I mentioned late yesterday, there was positive news on Chimera Investment (CIM) after the close. My view is that Annaly (NLY) ultimately acquires the company ...