Quote:
Originally Posted by toy71camaro
I'm curious as to this as well. I was going to post up a question on peoples thoughts of their current situation. With the passing of their main man, feds changes, and now buyout, is it a desperation move, or a good move. They expect the stock to hit the $13ish mark now. I bailed (last week) before this last big dip because i didnt fully understand it and wasnt comfortable with it. I took a $3 loss. So I'm ok with that. LOL.
But I'm curious to see what their future holds (or what people expect).
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I got out of NLY a couple weeks ago and took a $70 loss. which is better than thousands at the current price. The mortgage rates keep dropping and these companies become alot less profitable. Also their dividend will become less and less.