I was talking today to my buddy George Ure about a strange way of looking at the world as a natural/spiritual duality. It was the key concept in a dream he had Sunday night/Monday morning.
Call me a cynic. It fits.
When I heard about the Annaly secondary last night, I estimated $1.2 billion in additional paid-in capital from the 60 million shares and 15% “greenshoe.”
Today comes word that the deal is done, and that the stock went out at $17.60. That’s a decent haircut off yesterday’s trading price, about equal to its quarterly dividend.