NLY - Annaly: Ignore Tangible Book Value Changes At Your Own Peril May, 28 2022 10:00 PM Annaly Capital Management Inc Annaly Capital Management has suffered from severe price declines over the last year. This has been justified from a valuation perspective. We look at prospects for a recovery based on the macro outlook. For further details see: Annaly: Ignore Tangible Book Value Changes At Your Own Peril