Investors mull Annaly executive exits

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

After slipping nearly 3% overnight in wake of the news of the departures of its COO and co-CIO from the firm's external manager, Annaly (NLY -0.9%) is off modestly in early action.

A bull on the stock, Tsachy Mishal says the departures are understandable given Annaly's weak performance, and one could make the argument it's news to buy on as these poor-performing execs are gone.

David Schawel: "This news shouldn't be a surprise - their portfolio has sadly been a disaster since Farrell passed away."