*** ALL THINGS MONEY >>>> ATM ***

[auroradude]

Some thoughts on NLY as a longer, income producing hold....

IMO the big negative is the CMO's (collateralized mortgage obligations), which do make me and others a bit nervous. If things keep going relatively well with the US economy, banking and housing etc. and these CMO's don't give us a surprise, I would say that this is a fine candidate to buy, hold, and collect the divy (of course base your buy when the chart says so).

The fundies look real good - things like p/e, p/s, p/book are all really attractive, along with the insider buys and yield. It's price momentum sucks right now, so some may want to wait a bit to see it truly start it's launch, and earnings trend could be better. Another thing that may seem to contradict my worry about the CMO is that based upon standard used risk analysis (beta, volatility, magnitude of returns etc.) it is a very "safe" kinda play. Not many analysts like it right now, and long time board members here know that I really like that aspect.

So weigh the risk of the CMO's and if you feel alright with 'em, NLY sure looks attractive with a nice divy ..... could be a nice buy low - collect high yields - then sell high .... but it may take some time :)