巴菲特班洪瑞泰 (Michael On) - Powered by Discuz! Board

標題: NLY [打印本頁]

作者: mikeon88 時間: 2013-12-4 06:46 標題: NLY

Vincent Tang 於 2013/12/4 上午12:11 寫道：

Hi Mike

我是今年 9/21 在台北上課的學生
想跟Mike請教一隻美股 NLY!
按盈再表, 結果是合格的, 股價幾乎是10年內的低價!

業務跟房貸有關
不知如何查他的市占率, 她在美國是不是這領域的龍頭,?
不知如何檢查評估房貸業務風險?

Annaly Capital Management, Inc. (Annaly) owns, manage, and finance a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans. The Company's wholly owned subsidiaries offer diversified real estate, asset management and other financial services. The Company's subsidiary, RCap Securities, Inc. (RCap), operates as a broker-dealer. The Company also invests in Agency debentures, which consist of debentures issued by the Federal Home Loan Bank (FHLB), Freddie Mac and Fannie Mae. In August 2012, the Company liquidated FIDAC FSI LLC. In December 2012, the Company sold FIDAC Europe Limited. As of December 31, 2012, all of the mortgage-backed securities, which it has acquired, have been backed by single-family residential mortgage loans.

多看以下數字表現似乎腰斬!
Key stats and ratios
Q3 (Sep '13) 2012
Net profit margin 27.61% 53.26%
Operating margin 27.69% 54.36%
EBITD margin - 72.43%
Return on average assets 0.79% 1.43%
Return on average equity 5.74% 11.09%
此時還需要多檢查甚麼來決定要不要買它嗎? 還是要多種果樹來避險?
謝謝!

Regards

作者: mikeon88 時間: 2013-12-4 06:50

多種果樹，多按盈再表

作者: hcc0603 時間: 2013-12-4 11:54

配息真好,股價也低,好好來研究一下

,感謝Vincent Tang同學提供,又多棵樹可以種了

[ 本帖最後由 hcc0603 於 2013-12-4 11:58 編輯 ]

作者: wei48221 時間: 2013-12-4 22:31

http://www.thestreet.com/story/12128492/1/annaly-agnc-lead-in-sessions-financials-trading.html?puc=yahoo&cm_ven=YAHOO

Mortgage REITs such as Two Harbors, AGNC and Annaly borrow short-term to buy longer-dated mortgage-backed securities. When rates go up, it harms their businesses. That's because borrowing costs go up quickly while the longer-dated mortgage-backs on their balance sheets decline in value.
借短支長, 一但短期利率上升, 它就慘了. 看來它的獲利及股價是因為受到利率上升的影響而下跌.

作者: e3363846 時間: 2013-12-4 23:02

正因如此才有便宜價可撿。2004 升息時也不過跌到10圓，很吸引人

類似股AGNC ROE更漂亮!

http://seekingalpha.com/article/1876241-methodology-for-assessing-sustainability-of-american-capital-agencys-16-dividend-yield?source=yahoo

作者: chenjiunan 時間: 2013-12-4 23:18

ROE忽高忽低，不是我的最愛~~最愛大統益跟中聯資

作者: Raimu 時間: 2018-1-14 22:40

NLY

https://www.mg21.com/nly.html

重要持有80%的兩房（就是次貸那個兩房）的抵押擔保債券
看營收貌似是美國最大的房地產reit（待求證）

歡迎光臨巴菲特班洪瑞泰 (Michael On) (http://mikeon88.freebbs.tw/)

	Q3 (Sep '13)	2012
Net profit margin	27.61%	53.26%
Operating margin	27.69%	54.36%
EBITD margin	-	72.43%
Return on average assets	0.79%	1.43%
Return on average equity	5.74%	11.09%