Benzinga's After Hours Decliners (NLY, MDP, BGP)

Among the stocks that have lost ground during Monday's after hours trading session are Annaly Capital Management NLY, Meredith Corp. MDP, and Borders Group BGP. Annaly (NLY) has lost 1.85% on heavy volume to $17.54 after the company announced a secondary offering of 75 million common shares. Meredith Corp. (MDP) has shed more than 1% and is trading at $35.38 in the after hours after rising 3.17% during regular trading. Borders Group (BGP), the distressed book retailer, was slammed in late trading after it announced the resignation of two executives. The company is having severe liquidity problems and may not survive. The stock lost 11.46% to $0.85 in late trading.