Is This A Good Time to Buy NLY (Not For Typical Reasons)?

By thelongshorttrader What did NOT got me interested (i.e. the usual bulls’ spew): It’s cheap on a __ and __ basis. Dividend yield is ___. What got me interested: Yesterday’s announced dividend cut  appears to have been less worse than the street expected (or was it?). NLY shares are down ~30% in 2013 (counterpoint: down does not mean cheap, nor does down mean it can’t go down further) Many of the NLY promoters from earlier this year (both the smart and not-so-smart) have been thoroughly humbled and humiliated. I love these kinds of situations (which doesn’t mean shares cannot decline further)….