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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (41749)	9/17/2005 7:50:37 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

Grant had another piece on NLY and a couple other mortgage REITs recently. maybe it's "coming into buying range"? but with dividend falling off a cliff, how do you know when to pull the trigger? if 13 cents is the new dividend and it gets repriced for a 10% yield, then that's a $5 stock. at a $13 stock price, that's only 4% yield. i wouldn't go there. but maybe it's temporary and the market "knows". i guess it knows more than it did before the stock got shellacked yet again. a sad picture unless you are DeVito: bigcharts.marketwatch.com btw, when Grant first started writing about NLY a few years ago the yield was i believe in the high teens or maybe more than 20%. i have been scared of the mortgage REITs ever since the yield curve started tightening.