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