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MRFINANCE

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  • Will The Fed Bring Down SLV? [View article]
    Did you check the price of SLV today?
    Jan 29, 2015. 02:47 PM | 1 Like Like |Link to Comment
  • Update: JCP Holiday Sales - Have You Learned Your Lesson? [View article]
    If there is anything I've learned from a 40 year career in finance, it is that profitability is the "fuel" that powers the financial engine. But cash flow is the oil that keeps it running. Right now, JCP has neither.

    KMart was a legend too. They had brick and mortar stores and a huge following. But that didn't prevent them from going belly-up! You can sing their praises until you are blue in the face. And I don't care if they are a "class act". If they cannot right their financial ship, their last port-o-call will be the port of bankruptcy.
    Jan 28, 2015. 08:00 AM | Likes Like |Link to Comment
  • Update: JCP Holiday Sales - Have You Learned Your Lesson? [View article]
    Another dog with fleas. Look at the cash they are burning through. Their sources of cash will eventually dry up, and that is when they will go belly-up! Remember KMart?
    Jan 14, 2015. 09:03 AM | 1 Like Like |Link to Comment
  • Continuation Of Defensive Approach In 2Q Forces Change Of Thesis On ARMOUR From Bullish To Neutral [View article]
    First of all, it is the analysts who missed the mark on EPS - not the other way around. ARR, nor any company for that matter, should be judged based on how good the analysts predictions are. Their job is to maximize shareholder value - not chase analysts predictions. Second, some investors prefer a less volatile, more predictable financial performance that hedging provides. Just because their competitors are reducing hedging, doesn't make it the right strategy for ARR. Third, even if they reduce their dividend to equal earnings, the yield would still be north of 12% - and still higher than most of their peers. No need to be greedy! Finally, if rates jump and stock prices of AAR's peers tank, I'll bet you'll be signing a different tune then!
    Aug 21, 2014. 07:47 AM | 3 Likes Like |Link to Comment
  • Analysts question AGNC strategy [View news story]
    Me too. The guy is crazy like a fox!
    Feb 4, 2014. 01:37 PM | Likes Like |Link to Comment
  • J.C. Penney Bears Are Running An Obama-Campaign Like Bear Raid [View article]
    In the meantime, there is still plenty of money to be made playing the short side of this stock!
    Oct 22, 2013. 08:37 AM | Likes Like |Link to Comment
  • J.C. Penney Bears Are Running An Obama-Campaign Like Bear Raid [View article]
    I watched K-Mart stock follow the same glide path over 10 years ago. My lesson learned: Don't try to catch a falling safe. I know you have a Long position, but you may want to consider getting out (while you still can).
    Oct 21, 2013. 01:32 PM | 1 Like Like |Link to Comment
  • Annaly Capital (NLY) co-CIO Kris Konrad exercises options to buy 20K shares of stock at $13.25 each, taking his stake in the company higher by about 11% to nearly 200K shares. (Form 4[View news story]
    It's a great deal if you can buy 20K shares at that price!
    Mar 25, 2013. 04:54 PM | 3 Likes Like |Link to Comment
  • 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). [View news story]
    The referenced "opportunity" for CreXus is not obvious to me. Please explain.
    Feb 8, 2013. 07:34 AM | Likes Like |Link to Comment
  • Chimera: Don't Ignore These Red Flags [View article]
    I agree. All those warning signs are telling you something. CIM is 10 miles of bad road. Buyer beware!
    Jan 16, 2013. 07:47 AM | Likes Like |Link to Comment
  • Annaly: The New CFPB Rules Could Help This Sector [View article]
    If it is true that bank lending standards are currently tighter than CFPB, then this is a huge opportunity for banks to loosen their lending standards and still be shielded from future litigation. You know those greedy bankers will loosen their standards to write more loans, given the green light to do so!
    Jan 16, 2013. 07:41 AM | Likes Like |Link to Comment
  • Annaly Capital (NLY) is reiterated a Sell with price target cut to $13.50 from $16 at FBR as its proposed purchase of CreXus is admittance its business model of Agency MBS purchases is toast in the current environment. Isn't the purchase of CreXus a step in changing the business model though? [View news story]
    Oh, the business model is toast! Surprise.

    I can't figure out what direction NLY wants to go. Buy back shares? Buy another REIT? Increase leverage? Sounds to me like a management team scrambling to find answers.
    Nov 13, 2012. 07:37 AM | Likes Like |Link to Comment
  • Annaly (NLY) slides 3% in early action following last night's earnings report - likely the worst of the mREIT sector - and the just-completed conference call. "Our balance sheet is not a trading vehicle," says the CEO, maybe disappointing those hoping for asset sales to lock in high MBS prices and fund buybacks/dividends. Nevertheless, book value is $16.60. It's hard to see the shares - now at $15.41 - a whole lot lower. [View news story]
    Don't be fooled into thinking earnings aren't important - for any kind of business. Earnings allow dividends to be paid. And while there is a timing difference between tax earnings and GAAP earnings, eventually they must come into equilibrium. Beware!
    Nov 6, 2012. 10:14 AM | 1 Like Like |Link to Comment
  • Annaly (NLY) slides 3% in early action following last night's earnings report - likely the worst of the mREIT sector - and the just-completed conference call. "Our balance sheet is not a trading vehicle," says the CEO, maybe disappointing those hoping for asset sales to lock in high MBS prices and fund buybacks/dividends. Nevertheless, book value is $16.60. It's hard to see the shares - now at $15.41 - a whole lot lower. [View news story]
    The P/E ratio is still ridiculously high. While liquidation (book) value is reasonable, I won't touch it until the P/E returns to the lower stratosphere.
    Nov 6, 2012. 09:57 AM | Likes Like |Link to Comment
  • Annaly Capital Management Sees Interest Spread Drop By Half Since Last Year [View article]
    Shocking!
    Nov 6, 2012. 07:36 AM | Likes Like |Link to Comment
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