ARMOUR Residential (ARR -3%) tumbles after last night's earnings report was accompanied by a...

|About: ARMOUR Residential REIT,... (ARR)|By:, SA News Editor

ARMOUR Residential (ARR -3%) tumbles after last night's earnings report was accompanied by a secondary offering of 55M shares that had to be coming given the shares' premium to book value (8.6% before the offering). It's the 2nd offering in a month and 4th in the last 8 months.