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Annaly (NLY) CEO Mike Farrell exercises options to purchase 100K shares of company stock at...

  • Thursday, April 26, 2012, 4:30 PM ET
    Annaly (NLY) CEO Mike Farrell exercises options to purchase 100K shares of company stock at $13.25 each (today's close $16.27). His stake in the company is upped 4% to 2.6M shares. Earlier in the week, the CIO did the same thing.
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This news story has 25 comments:

  •  
    wow perfect timing.....another insider buying......and its Farrell.....nice.

    http://seekingalpha.co...
    26 Apr 2012, 04:40 PM Reply Like
  •  
    Now that the CEO &CIO have become fellow cultists, whatever will all the haters say about insiders not buying the stock?
    The fabulous trio - PP,frog & schmulik must be grinding their fangs.
    26 Apr 2012, 05:23 PM Reply Like
  •  
    very nice... I want shares @ 13.25 too.
    26 Apr 2012, 06:27 PM Reply Like
  •  
    me too North, but that means we would be executives of the company and have to do all that work to keep us shareholders happy and smiling!!! LOL
    26 Apr 2012, 06:46 PM Reply Like
  •  
    Last Autumn it came very close to that number! :)
    26 Apr 2012, 08:27 PM Reply Like
  •  
    flash crash....7/29......for a minute.
    26 Apr 2012, 08:33 PM Reply Like
  •  
    That's why you place limit orders at 10% below book value and leave those open until cancelled. That way, when someone panics and dumps NLY, you pick it up for a nice discount.
    26 Apr 2012, 08:40 PM Reply Like
  •  
    I did that once.....Enron.....I was lucky though, lost the least.
    26 Apr 2012, 08:55 PM Reply Like
  •  
    how r u feeling?
    28 Apr 2012, 10:06 AM Reply Like
  •  
    So who wants to come here and tell me that this isn't a bullish sign? Dr. Price I am waiting...
    26 Apr 2012, 04:46 PM Reply Like
  •  
    ugh, please don't encourage him....and JL did you read my article today?
    26 Apr 2012, 06:47 PM Reply Like
  •  
    I did. I too was very encouraged by what Bernake had to say. That with those 125 million shares hanging out there with us above the price barrier for those has me looking for ways to raise cash to increase my position with when those shares are actually offered.

    With coke being on the run it has been on, I may lock in some of those gains it has racked up for me and re-deploy those proceeds into NLY when the time is right. Of course, that would mean that I would have to pull from my checking account when the KO pull back comes, don't want to decrease my position too much before that 2-1 split comes along...

    I'm in a bit of a conundrum. So many promising things to do and so little cash to execute orders with.
    26 Apr 2012, 09:51 PM Reply Like
  •  
    He likes it!

    He likes it!
    26 Apr 2012, 04:58 PM Reply Like
  •  
    LOLOL....you are a hoot....anyone under age 35 dosnt know what the heck youre talking about!!
    26 Apr 2012, 06:48 PM Reply Like
  •  
    And did you notice that he purchased the shares by merely reinvesting his dividends? Certainly the purchase indicates confidence in the company and its future in the economic environment he expects. So we should expect dividends to be reinvested. Certainly a yield of 16.6% at the option price of $13.25 is more attractive than the present open market yield of 13.52% at $16.27, but he has been at it longer than we have. By investing, then reinvesting the dividends each quarter, one can compound the 13.52% yield and in effect get all future shares for free, and buy more shares in each successive quarter. There is also the Buffet tax incentive of Qualified Dividends taxed at only 15%. Savers get wealthy. Long term savers get wealthier. Living below our means, paying ourselves first, off the top instead of with what is left, offers a way to rise above those who don't. Follow the example of the wealthy and join them. Even at 13.52%, money doubles every 5.33 years. Love it when a plan come together. And there is still a good double handful of offerings that yield higher dividends.
    26 Apr 2012, 06:06 PM Reply Like
  •  
    ^ this
    26 Apr 2012, 06:49 PM Reply Like
  •  
    Nice point, about reinvesting dividends. I am not exactly sure what you mean by: "...There is also the Buffet tax incentive of Qualified Dividends taxed at only 15%."

    As I understand it, REIT dividends do not qualify for the 15% tax rate. They are taxed at our marginal tax rate as normal income. Because REITs do not pay any corporate income tax - and thus pay higher dividends - but those divs come with a (potentially) higher tax liability for the stock holder when compared to Qualified Dividends from other companies.

    Also, I think you may mean Bush instead of Buffet. I believe it was Pres Bush's tax cuts that established the 15% dividend rate.

    Beware: I am not a tax expert, so take this as just commentary and not tax advice!
    26 Apr 2012, 07:38 PM Reply Like
  •  
    you are correct. No REIT is able to get the 15% rate...it is taxed as ordinary income.....I missed that.
    26 Apr 2012, 07:45 PM Reply Like
  •  
    this action looks good , BUT TIME WILL TELL, MOVE OR A WAY TO CONTROL OR A EITHER WAY ITS A INTELLIGENT MOVE TO FACE A DOWNTURN , BUT AT THE PRICE PAID IT LOOKS LIKE A WIN WIN!!!
    26 Apr 2012, 06:40 PM Reply Like
  •  
    what does farrell need to control?
    26 Apr 2012, 06:48 PM Reply Like
  •  
    Looks like we missed a few more directors. Mr. Brady and Mr. Konrad each exercised options contracts at $13.25 as well, for 12,500 shares.
    This happened March 16 and April 17, respectively.
    26 Apr 2012, 08:33 PM Reply Like
  •  
    get over to my article and leave a comment dude!
    26 Apr 2012, 08:35 PM Reply Like
  •  
    Simple math: total assets divided by total shares.

    This is dilution. It is not the same as an insider buying at market price.
    27 Apr 2012, 05:37 AM Reply Like
  •  
    ok, what is the dilution, simple math??? give me a number per share....I already know it.....now you do it.
    27 Apr 2012, 07:53 AM Reply Like
  •  
    Oh boy is my chest about to explode. On the 25 th. I sold 200 BMY for $ 34.21 & added in to Pharma holders (PPH) NLY,TWO, & an Alberta oil sands co.
    Yesterday BMY closed at $33.76 & all the buy's finished up ! If only it was that easy every trading day.
    After 70 years on this earth & 30 years trading, is it to late to get my series 7 ? LOL
    27 Apr 2012, 06:08 AM Reply Like
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