PPS is down about 3% after hours.
I haven't seen any news yet on SPO pricing. Any thoughts on how long to wait before buying? TIA
"New York Mortgage Trust (NYMT) prices its 13.6M secondary at (presumably) $7.16/share for gross proceeds of $97.4M. Shares are off their worst levels, -3.25% to $7.14 premarket."
Bought some this afternoon @ 7.10 for a short term ride (I hope upward!).
I'm gonna hold on this one and see if it drops more.
With how many opportunities there were in the past year to pick up shares way cheaper, this just seems a bit over-priced to me still
And it's still 8% - 9% over their book.
Tis the season boys & girls.
Keep your powder dry!
The scarey thing is they are still way over book even with the after hours price 7.18 Down 0.20 (2.71%).
Their last reported book was around 6.53 or .6.54 I think. Somewhere in that range.
So your looking at 9% over book unless it drops more tomorrow.