Comments on: Annaly Capital Management Inc (NLY) $17.33 -3.08%

By: rainman

rainman — Thu, 11 Feb 2010 03:01:38 +0000

Sry, duh, meant enp, not ENB, but…that divi all depends on natty gas holding up…
http://www.finviz.com/quote.ashx?t=enp&ty=c&ta=1&p=d
and DNR as well.

By: rainman

rainman — Thu, 11 Feb 2010 02:59:41 +0000

Not necessarily. I’ve owned some NGAS pipeline partner plays aka MLPs (i.e. ENB) and AGNC.
They all held up well.
Of course ENB was was in the DNR aquistion so it was almost a guarantee on the price and yield….
That being said. On NLY, I agree. I thought about simply collaring it for the divi with LONG term leaps (2011/2012)…..but forget how far they go out now.
MO you could do the same thing, but I usually wait on long term leaps til the bid/ask narrows a bit.

By: LonePeak

LonePeak — Wed, 10 Feb 2010 18:31:19 +0000

Seems dicey. There’s usually a reason for huge dividend yields.

By: rainman

rainman — Wed, 10 Feb 2010 16:42:35 +0000

Did you see the yield on Invesco’s reit? IVR? 20%…..I might, but not brave enough myself. Tempting soon as it gets closer to ex-divi.
Just playing it safe and setup a synthetic long on IVZ on the 17.5 july line….really low beta.