I actually like the fact that NYMT is small enough to be off the radar screen. The larger the cap and coverage the more stock price manipulation comes in from traders, derivatives and HFT. All in the name of 'liquidity' of course. Sure. Just give me a peaceful place to obtain some frigging yield and I am happy.
Concur. This stock imho is good to buy on dips. I picked up another 1500 shares @ 6.15 yesterday but unlike other deals I am holding and have averaged down nicely. The good news for NYMT is the dividend history coupled with the fact that two major financials are initiating coverage. Question; would you rather own NYMT or CIM? Both have a "high" dividend but CIM cannot produce a clean set of books, nepotism is rampant and part of the dividend just announced represented "a return of capital".
NYMT imho has not received coverage in the financial press because of it's small market cap. Now is a good time to acquire more as the clown car in Washington D.C. continues to run without any end in sight. The fact that our corporation is also invested in multi family housing is another plus.