Market Currents

The opportunity for CreXus (CXS) from sitting on Annaly's (NLY) far-larger balance sheet should...

Thursday, February 7, 3:13 PM ET
The opportunity for CreXus (CXS) from sitting on Annaly's (NLY) far-larger balance sheet should be "exponential" says Annaly CEO Denahan on the earnings call. Annaly is also receiving large principal pay downs each month - money that used to go to new MBS purchases, or (lately) share buybacks, but now can go to the higher-yielding commercial space (the acquisition is not yet a done deal).

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This news story has 5 comments:

TwistTie Comments (2404)

Is there an ETA on getting the deal done?

7 Feb, 09:42 PM Reply Like

karlis44 Comments (44)

This is confusing. What benefit will NLY get?
Karlis Ullis

8 Feb, 12:58 AM Reply Like

MRFINANCE Comments (18)

The referenced "opportunity" for CreXus is not obvious to me. Please explain.

8 Feb, 07:34 AM Reply Like

User 189567 Comments (2)

They are paying too little for CreXus. Who got paid what to okay the deal?

8 Feb, 10:01 AM Reply Like

joecap4c Comments (37)

CXS has a much higher interest spread therefore greater profit=larger div=higher share price. what info do you have to state they are paying to little to little for CXS

8 Feb, 04:20 PM Reply Like

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