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justme
2010 Nov 3, 12:25am
justme
2010 Nov 3, 12:25am
They invest in mortgages.
From yahoo:
Annaly Capital Management, Inc., a real estate investment trust, engages in the ownership, management, and financing of a portfolio of investment securities. The company invests primarily in mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, and other mortgage-backed securities representing interests in or obligations backed by pools of mortgage loans.
Guys,
I'm trying to find a flaw in this stock, but couldn't. This stock has outperformed the S&P by a wide margin. Hope you guys can give me some constructive inputs.
Since 2000 this stock went from about $8 to $18. 125% return
It has been paying an average of 15% dividend since inception in 1997. That's another 150%+ return in the past 10 years on top of the 125% return above. This doesn't even include dividends reinvested.
My question is, what's not to like about this stock?
Disclaimer: I've been owning this stock for a while and loving it.