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Enter Symbol:
 
Annaly Capital Management Inc (NLY) [hlAlert]

Rating:
None
3 Months Gains
down 5.19 %

Cramer closed positions in Annaly Capital Management

Posted on: Sunday,  Sep 13, 2009  11:55 AM ET by Jim Cramer's Charitable Trust Stocks

Cramer closed
positions in Annaly Capital Management.

Annaly Mortgage Management, Inc. specializes in investing in Mortgage-Backed Securities. Its principal business objective is to generate net income for distribution to stockholders from the spread between the interest income on its Mortgage-Backed Securities and the costs of borrowing to finance its acquisition of Mortgage-Backed Securities. The Company has elected to be taxed as a Real Estate Investment Trust and is self-advised and self-managed.

Jim Cramer's Charitable Trust Stocks has grown to over $4MM in value. Cramer trades stocks for this charitable trust and he uses it to teach people what, why and how to trade. For over 10 years I was a successful hedge fund manager. Over the years he has developed a strict set of investing diciplines that have helped him to be successful through any market.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2008 4:00 PM None
None
17.33
as of 12/24/2008
1 Week down  -0.07 %
1 Month down  -2.17 %
3 Months down  -6.00 %
1 YTD down  -18.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/17/2008 4:00 PM Buy
None
18.28

(*) Stock Price at the time of the recommendation.
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