Cramer is Ready to Buy Annaly If An Offering is Announced (NLY)

On today's segment of Stop Trading!, Jim Cramer discussed one of his favorite stocks of the last several months: Annaly Capital (NYSE: NLY). Shares of Annaly are getting hammered today as investors are becoming increasingly less confident with the current credit environment. Margin calls at Carlyle Capital, an investment firm based out of Great Britain, have caused investors to begin dumping shares of U.S. mortgage-backed securities REIT's like Annaly. Annaly's stock is down about $2.80, or 14%, and recently traded at $16.43.

Cramer told viewers that Annaly shouldn't have a problem with funding, but if something comes up and an equity offering is announced he would "be ready to buy."

To conclude the skit, Cramer admitted that he "feels really bad about Annaly", referring to his recent Buy recommendations on the stock. Jim has firmly stood by Annaly as a recession-resistant play in the U.S.'s turbulent markets, and while today's decline certainly puts a chink in the Company's armor, Cramer remains supportive of the Company's abilities, evidenced by his comment to pull the trigger if another decline happens. [bcs]

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