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MobilePreacher

 
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  • Annaly Has Bottomed: Multiple Reasons To Run For The Hills [View article]
    it is not a sham article. you can disagree with it... but Brad's opinion is a reasonable one.
    Jan 16 07:38 AM | 29 Likes Like |Link to Comment
  • Annaly Has Bottomed: Multiple Reasons To Run For The Hills [View article]
    did you read the article? He is not saying you should buy NLY just fyi... he is saying run for the hills.
    Jan 16 07:09 AM | 25 Likes Like |Link to Comment
  • Annaly Has Bottomed: Multiple Reasons To Run For The Hills [View article]
    news for your, everybody is trying to sell something... period.
    Jan 16 10:14 AM | 16 Likes Like |Link to Comment
  • Annaly Has Bottomed: Multiple Reasons To Run For The Hills [View article]
    Brad, many of your conclusions may be applicable to AGNC as well. Prepare for haters to start hatin'
    Jan 16 07:09 AM | 7 Likes Like |Link to Comment
  • More on the Wunderlich downgrade of the mREITs (REM +1.2%), (MORT +1.3%): The "lack of liquidity reached crisis levels" on Friday, says the team. "Price discovery has become a very uncertain process and we believe there is a risk that some entity - be it a mREIT or a hedge fund - could fail to meet margin requirements ... while we hope to be wrong in this case, equity investors need to be mindful of the potential downside scenarios." [View news story]
    what? Lack of liquidity in what? MBS's? and if so what duration? What exactly was the crisis level? Come on Wunderlich, you are supposed to be professionals.
    Jul 8 03:45 PM | 7 Likes Like |Link to Comment
  • Should An Intelligent REIT Investor Buy CapStead Mortgage? [View article]
    Just a little research would have saved you embarrassment about the history of CMO's earnings, dividends, etc... you should know that CMO completely changed their strategy a few years ago. Also your article is rife with simple misunderstandings of what CMO is... this is really a terrible article. I am amazed sometimes at what Seeking Alpha allows to be published anymore. But hey its America, everyone is entitled to their opinion
    Mar 25 07:09 AM | 6 Likes Like |Link to Comment
  • At A Decade-Long Low, Annaly Capital Management May Be A Buy [View article]
    NLY is getting so cheap... even I am thinking about buying some lol
    Dec 17 06:43 AM | 6 Likes Like |Link to Comment
  • The Mortgage REIT Business Doesn't Work ... [View article]
    your article totally ignores the idea of adjustable rate strategies.
    Jun 14 01:24 PM | 6 Likes Like |Link to Comment
  • Don't Compromise Your Conviction For Dividends-A-Plenty [View article]
    This might be one of the worst articles i have read on CMO to date
    Jul 26 10:11 AM | 5 Likes Like |Link to Comment
  • In The Pursuit Of Dividends: Annaly [View article]
    in small ways... slowly wading in, ready for potential losses, is a strategy i would agree with regarding NLY... pretty good article. Its still risky, but its getting cheap enough that it could be a good strategy, In reality I would start the process by mixing half and half with some of the NLY preferred shares. I do not however, feel the same however about AGNC, that one is still an interest rate casino. Good article.
    Jan 22 08:00 AM | 4 Likes Like |Link to Comment
  • Annaly Has Bottomed: Multiple Reasons To Run For The Hills [View article]
    i think the issue would be current assets that were purchased at lower rates... depending on how many of those assets have been sold or rolled over, there is clearly risk to those assets dropping in price. add in the fact that these assets are bought on leverage and i think that is the concern. Long term fixed rate assets dont get benefit of rising rates since their yields dont adjust upward. and therefore widening spread. In fact, if short term rates do go up some, the spread would be squeezed if anything. As i said, if they were able to liquidate most of those previous assets then maybe your scenario plays out... but at these levels, borrowing short to buy long term fixed is crazy. We have clearly seen that while these companies might be able to hedge the spread, they have clearly this year been unable to hedge the asset depreciation risk. the outlook for slowly rising rates would favor mREITS that focus on short term adjustable rate instruments like CMO... those that focus on long term fixed rate assets are the ones that take significant book value hits.
    Jan 16 07:41 AM | 3 Likes Like |Link to Comment
  • Bells ringing on mortgage REITs? Goldman says Sell [View news story]
    Goldman doesnt need to buy AGNC... They can buy the same securities that AGNC buys. There is nothing magical about what AGNC holds. Any institution can go out into the marketplace and buy MBS's
    Dec 5 08:40 AM | 3 Likes Like |Link to Comment
  • Once And For All: Now Is The Right Time To Sell Annaly [View article]
    I dont have a position in (NLY) nor do i have one in (AGNC), but it amazes me how emotional people get about either one when someone offers pretty compelling sell side analysis. The numbers dont lie... both of those have been total disasters this year. So what if the author is short, so what if the article is bias... its a call based on solid analysis.
    Sep 23 12:18 PM | 3 Likes Like |Link to Comment
  • Capstead Mortgage Part Two: 3 Negatives And 1 More Positive [View article]
    well as bad as that is... most of the other mREITSs are more than double that. 40% is something that's probably easier to hedge as shown by their performance last quarter. But we want to see management to reduce that exposure. Compared to the industry they are by far the lowest however. If that 40% concerns you, you should never even consider (AGNC) or (NLY) or almost any others.
    Sep 12 10:34 AM | 3 Likes Like |Link to Comment
  • Is It Safe? Mortgage REITs Offer Deep Value And 15% Yields [View article]
    Good article Corvette. I hope people heed its advice.
    Sep 11 07:14 AM | 3 Likes Like |Link to Comment
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