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Gundlach: Annaly, Mortgage REIT's Look Cheap, Attractive now

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  • edited September 2013
    I owned a little earlier this year and quickly stopped out.

    Let's hope it rises. Like Mr. Gundlach, Mr. Redleaf of Whitebox sees some opportunities currently in REITs.

    In mean time, my condolences:

    image
  • Yes, let's hope uncle Jeffrey is correct. I SURE don't like what's happened in DLFNX, since I bought-in--- at a market-top, about $11.34/share.
  • Gundlach's argument seems to me modest enough that it is probably right: the days when moves in the rate curve assured these guys big capital gains are over, but they're not idiots, they too see how interest rates are moving and are skilled enough to prepare for it and maintain a decent dividend.

    At least that's how I understand it.
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