Greg,
I was wondering what your thoughts are about the NLY earnings report. Revenues increased on a year over year basis, but EPS declined. Also, the dividend for 2011 declined from 2010, which is the first decline since 2006.
Early warning signs to be on the lookout for or does this not concern you? I know they still pay a great dividend, but does the declining dividend worry you at all?
In general, how do you handle declines in revenues and/or EPS on a year over year basis. Does it take more than one yearly decline to cause concern.
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