Look, there's a lot of RUMOR that the high rollers in Russian are being punished because of the Ukraine situation, and that is cutting into the rich Russian Mafia ability , the part of that ability financially that likes to buy overpriced condos in NY. Never mind they buy for cash, never mind they don't constitute the big dollar impact inside the NY real estate scenario, never mind NYMT is more diversified than just Vlad's interests, it has the APPEARANCE that the NYMortgage business is under fire at some strategic level that affects NYMT with specificity.
It's DRIVEL, NYMT just doesn't rely on the Russian mob's couple dozen high rollers for the entire market, but it sure makes a buying opportunity for those who've added the score, and unlike sellers, haven't suddenly decided one and one make eleven.
This investment is already dealing out a near 15% dividend. I'll be glad to double down at lower prices, and double down AGAIN if we wind up at the year low. This is a priceless opportunity to get in on the cheap in my mumblin opinion