Replies to post #137 on Annaly Capital Management, Inc. (NLY)

[johnsyn]

I haven't looked at the speech, knew most was just rhetoric about the "horrible republicans". I'll post anything that comes up on it.

In the meantime:

First, it depends on if they are going back on their word of NOT raising at all until after the election. The PPS's kept getting knocked down from every time they speculated that they were going back on their word.

But right now, a lot of REITs are either in financial trouble because they are paying out divies exceeding what they're bringing in, and others have already reduced their divies. To try to explain it as easily as possible- interest rates are too low, and with the fall in real estate prices,there is no profit margin.

[johnsyn]

12:55 PM As Bank of America soared Thursday on chatter of a mass-refinancing plan, mortgage REITs slid on worries of prepayments slashing returns on their holdings of MBS. The trend was reversed on Friday after an administration official denied the rumors, but mREIT investors remain wary as NY Fed chief Dudley suggests intervention to reduce obstacles to refinancing. For now, many continue to offer double-digit dividends.
SEEKING ALPHA