An A+ report. Good for them. One could argue NYMT are the rock stars of the mreit world.
The premium continues. Keep your head up for an SPO in March though Pizza. History is always worth noting. It will be a buy signal.
So what happens now to ORC? Knocked down 1.5%? The difference in multiples is crazy in the mreit world and one has to somewhat leery of the few still selling at premiums. It is a long slippery slope down to the typical MTGE multiple.
Had to sell out of NYMT today as earnings are coming out tomorrow after the bell. Just felt their report had to be an A+ to keep the multiple. Time will tell.
You should hear them on a conf call..
Are you telling me they have actually come out of their hole in the ground to talk to people? When? Why? I thought they were just happy ripping people off with their management fees.
Is ARR seriously trading at a p/b of 0.67? If they actually gave a shit about their investors shouldn't they just liquidate their assets and give their clients a +50% return?
Somebody has to kick the shorts in the nuts....
U don't have the undistributed income so who knows. BV drop makes me think their hedging continues to be brutal. MBS prices were up in January.
All mortgage reit investors can relate to the beaten up #$%$ kid alkkov. Good to see your WMC stage a comeback though. Not a common occurrence.
If they cut to 50 cents it still provides a yield of over 10%. Would u rather lend your money to Spain for 10 yrs at 1.6%?. It is bizarro world out there. Personally I think the only way mreits go up is if the market gets its #$%$ kicked for a solid month plus. Mreits are not thought of as a flight to safety at all right now. And who needs safety anyway with the invention of QE. What r these central banks gonna do when the global equity markets collapse? Why more QE of course. Can't wait.
This is what happens when you invest of grid. Compass knows there is no buying volume and the MM's are short. Why NOT kick MTGE in the nuts. Reminds me of grade school. Why NOT beat up the #$%$ kid on the way back from school.
How could mreit prices go up? What is the catalyst here? Now it is this classic double lose scenario of US rates having to go up due to these frigging amazing government induced jobs numbers or this stellar flattening yield curve.
So I ask you all. Anyone see a bright side in holding this #$%$? The greece #$%$ is coming quick.
That would be a dividend run and we haven't seen that for two years. Hope you are right. I am with you on NYMT. With respect to AI it used to trade in a relatively consistent band. Buy at 26 and lower and sell at 28. If you knock that down 8% maybe it goes back to a range of $24 to $26? Time will tell.
I hear u but let me ask: what is you sell signal for mreits? Seems to me the management varies widely so u better like them. To me this earnings report and the way it was handled was a sell signal. Combine that with the fact it trades at a premium to BV and could get really hurt if the market turns against it.
I was happy to get out at 25.50 on the first major bid this morning. The thing is so illiquid that u don't want to be left holding the ball.
Do U still hold it?
And AI is not an mreit. I would argue that MTGE is much more manipulated. If nothing else AI certainly has been much less hated over the last two years. It will be interesting to see if AI will be able to maintain its love. One would think chunking the ball like that would change market sentiment. It certainly changed my faith in it.
When MITT reported that late did they chunk the BV over 8% in a quarter when MBS prices rose? Call me CRAZY but I think ol' J Rock was trying to put out a schittee earnings report when everyone was sleeping hoping no one would notice. Kinda hurts a small thing called credibility.
And I thought ARR was shady...
Who posts earnings after 10 pm? Are we buying something off a guy in an alley with his trunk open?
I know you are a J Rock fan alkkov but this looks pretty horrible at first glance. I can only hope the market continues its confused approach to interpreting AI's results..
LOL. I still hate the MTGE price action over the last week though so comparing something that actually went up would actually add some credence.
10 yr at 1.95 and the p/b of mreits are getting wacked. MTGE is now somewhere in the lower 0.80's.
Is everyone else appreciating the liquidity offered by the exchange....
You won't go so far as to say 'I told you so'? Who do you think you are kidding?
Your already doing it and...........guess what.............it hasn't happened.