As sure as night follows day, any rise in Annaly's (NLY -1.6%) shares far enough above book...

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

As sure as night follows day, any rise in Annaly's (NLY -1.6%) shares far enough above book value generates an offering by the company sure to drive the price back down. The company uses these shares to pay bonuses, but an investor might use the pullback to pick up a high yielder on the cheap.