Is this plunge in stock price attributable to the recent storms in the NY area?
No, it has moved down in line with the industry as a whole to trade around .9x book value.
More than likely its people re- positioning for the bush era tax cuts expiring...if u hold it in an Ira.... No worries... I am a buyer right here... Do your own dd...
NYMT is a RIC/REIT that does not pay income tax and the dividends were never entitled to the 15% Bush era rate so, no.