I was wrong, I thought it was a different day. Nice to see the runup before the divvy . Just hope there isn't too massive a dump thereafter, you can expect the .24 cents to disappear from the stock price, and maybe another dime after that if history holds, just look at the share price history--and this time, we head into the headwind of rising interest rates, or at least by 2016, if the Fed doesn't balk.
My bad, today Wednesday the 23rd is the last day to purchase the stock and get the divvy. Rats.
Where did you learn not to breathe? NEAT TRICK!!! Hint: Your lungs are supposed to be pink, not black.
What it is.
Unless they confiscate the black box, the fix is impossible -- who forces an individual to be liable because the company defrauded them? Why we here in USA of course.
Looks like the Germans just lost the peace. Those black boxes are going to be worth a fortune on the black market.
Do you date a 60 year old because you have a picture of what she looked like, a knockout at 20???
Here's the deal on reality--VW's and especially AUDI's were always touted as being underscored when it came to power claims, that was the allure. Now that fraud has been revealed, and all those zoom zoom feelings that exceed specifications? They won't be reported out by Road and Track and all those gee whiz publications that were as much deluded.
You buy rolling sculpture and performance, not BS, and they've been hit right between the legs.
A software mole that defeats cleaning up the air. What is it with Germans, always cutting off someone's air supply in the name of superiority, this time in engineering.
I don't like the fact that although the slides to today's meeting were published on the NYMT website, we didn't get to be flies on the wall. Looking at dividend versus share price the common seems to be on sale today, but all you need is one large holder to dump. I am holding a fortune in predatory cash for this stock to dump, but there are a lot of negative nellies out there at SEEKING ALPHA that are claiming the stock is a screaming short.
Now that would be helpful, a whole bunch of folks short into ex div, which would put the burden of paying the dividend onto the share buyer and off the company.
That'd raise a bunch of money.
Frank, I don't think you're wrong, but I am advising, that is what the chart MISLEADS you to believe. Why show a correlation with book value at all on the chart if 30 cents didn't equal 8 bux book, 27 6 bux, and 24 4 dollars. It LOOKS like a book valuation change as the dividend increases or decreases is all I am saying.
Seems to be a closed door affair. We have the charts, but it seems a bit standoffish, if not ominous.
It's like saying, we anticipate book value to only be $4 because we are issuing a 24 cent dividend. I know that is not what folks will pay for shares, but it is not heartening.
There's no explanation for the decrease in the divvy that leaps out at you from the charts, but an ominous line of 30 cents = 8 bucks a share, 27 = $6, and 24, the new dividend, equals $4 makes me nauseous.
Quintuple = quadruple witching Friday, with a healthy dose of FOMC forming the fifth.
There may be some lemmings led to the edge today in light of the contraction of the dividend 27 to 24 cents, I await the briefing today starting 10AM (slides available 9 EST) to make an assessment. Certainly one month wasn't enough time to resolve third quarter weakness issues, but for the record the company did say "by the end of 2015 which on my calendar, is 100 days away.
I remain opportunistic on the buy side. Those wishing to depart may leave their shares where I can reach them. I prefer a dividend which from all intents and purpose, which still doubles your money every five years like clockwork.
Have you ever thought that the 20% decline was IN ANTICIPATION of changing overnight rate scenario, now put to bed by Aunt Janet at the FOMC meeting last Thursday? Your concept "on top of" shows no respect for the intelligence or foresight by the market.
Normally secondaries of stock offerings are dilutive, in the case of MREITS, it's the only way they get capital to expand holdings. That goes hand in hand with the disadvantageous tax standard, which forces them to give profits to shareholders completely or pay penalty taxes.
Obviously last month's discussion at conference had to do with timing of acquisitions, which they hoped would come to pass by end of 2015. That's fourth quarter, not the third quarter, which would seem to be a transitional quarter in which all those dollars for the $7.79 sale should be fully vested per NYMT plan.
With the hold off of rate increases, the financing world should slowly begin to reel back that anticipatory 1/4 point hike I see already reflected in the big pop in LIBOR interest rates of nearly an anticipatory 1/4 point. For the first time in six months, that rate DECREASED Friday as bank to bank yields dropped by bond values increased accordingly.
That sets up NYMT in the borrow lower, sell higher bigger spread universe. Obviously it didn't get done in the third quarter, I suspect it will fourth quarter, and the timing for NYMT couldn't be better.
I look forward to reading the briefing charts at 9AM 21 Sep. They should bear out my guestimates, In the meantime, I will look forward to scooping up more cheap shares, if they evince themselves.
NYMT is the highest yielder in my high yield portfolio. Mgmt said last time, timing was issue but look, Mumma, one of the officers, owns 444K shares, he's take a $225,000 hit in the past four months, and we've already bled out $1.50 from shares highs--
I own these shares for income at about $6.00 and they pay the tab every year, covering my mandatory IRA payout. Let's wait to see what management has to say about the dividend, the projection doesn't square with the rhetoric we heard just a month ago. Methinks we are getting a conservative yield for now and management will be buying shares.
This is an example of doing all the right things and we may be headed for timing challenges, but the emphasis on mortgage making by the company was to go for higher quality and more resilient paper. When the Fed held at 0-.25, that might have put a hold on expansion plans.
Just have to see.
As equities seesaw 18 Sep, watch the influx of capital into the high yielders.
We don't get something AH today, you can bet NYMT is scheduled to present at the JMP Securities Financial Services & Real Estate Conference Monday, September 21 in New York to begin at 10:00 am, and those presentation materials will be available on the Company's website at www.nymtrust.com in the "Events & Presentations" section beginning at 9:00 am on September 21, 2015.
Stand by for blast off. I would NOT be short this weekend.
held as the tailwind.