Hoping NYB can at least meet or beat the $.27 estimate for the third quarter and provide positive guidance going forward. It would be nice for the stock to be on an upward trajectory towards 16+ and hopefully a strategic transaction in the near future.A small increase in the dividend would be nice but that won't happen until earnings increase significantly.
Right on, an increase would be nice, BUT won't happen for somwetime to come. The divy is paying a great return now, and yes, I am only hoping for a profit of .27 or .28 p.s.
An increase in the dividend would not be smart at current levels. The yield is juicy here and should hold until the margins improve. Here is a link to some analysis on NYB: http://www.cornerofberkshireandfairfax.ca/forum/index.php?topic=5002.msg52733#msg52733
Thanks for the link .... 8+% while we wait .... a nice deal indeed .... .01= $600, it doesn't get much better, Go NYB