Annaly Capital (NYSE:NLY) has been a name that I have long followed. After the company recently reported its third quarter earnings I decided to pen an article to argue why I am not backing away from the stock. Sure it is a cyclical business. Timing buys in this stock over the long-term is key. We buy stock in mREITs for one of two reasons: to reinvest dividends over time to compound our investments, or to generate a source of income. Despite the stock shedding 40% plus since its highs, management remains effective and the current dividend is safe. The company is on the mend and is outcompeting many of its mREIT brethren as I will outline in this article. Its quarter was quite strong, with few weak points.
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