People should be aware of allowable funds to pay dividends. This company has plenty of such funds. Management knows that cutting dividend will eviscerate its stock price, and, in my opinion, management will not do so. Look at the MMs who own this stock most likely because of the dividend. Yes retail holders who panic may unload their shares, but I cant' wait to compare those MMs of record as of 12/31/15 to those who are listed as of 3/31/16. Time will tell how the MMs envision NYMT.
A critical issue in the lawsuit is the issue whether the case can be certified a class action, which plaintiffs and, more importantly, their counsel want or whether the cases, yes, cases, must individually proceed in arbitration, which plaintiffs' counsel and plaintiffs don't want.
The US Supreme court has, I believe, recently upheld arbitration to the detriment of plaintiffs who seek class action status. So, if that principle controls this case, then whatever merit there might be will be severely affected to the detriment of the plaintiffs.
So, unless and until the class action issue is resolved, the potential impact the lawsuit cannot be fully evaluated. And, remember, regardless of the determination of this key issue the plaintiffs still have to prove liability and then damages if they are successful on the liability issue.
In my opinion, the lawsuit at this time is really an insignificant factor.
You have that right, my friend. I've spent this week liquidating and begin buying next week.
You can't get inside the mind of another person to determine "why." You can only use the facts to help you determine a plan of action: buy, sell or stay on the sidelines.
No decisions at this level are ever made in a vacuum. These decision makers have fully considered all potential consequences.
The problem with so many on this as well as most Yahoo Message Board's is that the exchange of ideas often becomes personal and the poster seeks a vindication of his or her message by the immediacy of a huge up or down day.
As investors we know that stocks over time have ups and downs as well as finality of the company's existence. I personally have many momentary highs and lows. I remember 2007 when I first purchased AMZN, MA, V, BIDU and GOOG just to mention a few and road them through the lows and highs. If you believe in a stock, then you act accordingly regardless of a day's or a week's or a month's performance. One just as certainly shouldn't gloat over his own success or the failure of another.
I wish posts were less vulgar and personal but accept the reality of a message board and its posters.
All that said, enjoy your holidays and I look forward to your posts.
You owe no one on this board an explanation.
My outlook on life, and I'm in my 7th decade, is you live your life never fearful of having taken chances. Life is not a bobsled practice run, for you get one and only one chance to enjoy life. Whenever a decision hasn't worked out favorably, I have picked up the salvageable pieces and moved on.
You do if you think it's going down more, or if your margin call is received, or if you can't stand the pain.
In any event, whether one buys, sells or holds, the decision is personal and it's unfair to be critical of another person's decision.
What does that tell you?
You are too funny.
Is it true that your gloves had belonged to Michael Jackson and that Mr. Jackson sold them to you at a fire sale price when his financial world was crashing and burning?
Lastly, it certainly worked out for many of the Animal House characters.
When all is said and done, the price of a stock is always best illustrated by the concept of a moving target and the point of impact sought to be hit. There are always external and internal factors that affect the target and the precise point of impact sought to be hit, the shooter and the weapon of choice. So, my friend, when you're able to factor in all these variables to the equation, you will be the most learned stock investor in the world.
Sam, the problem with the internet is that anyone can post anything regardless of its veracity and roberto8024 is testament to that.
I can understand retail stockholders panicking in reaction to the SPO; but, I doubt very much that the MMs are buckling under and selling. In fact, the MMs are most likely accumulating.
Today's volume is about half that after ER, and the other big volume days were around the prior ER. I read this volume as retails with stops and shorts taking their profits.
FIT is not going away unless its subsumed by UA or a similar entity and it's earnings show its dominance in this area of wearables, an acknowledged gold and diamond field into the next 1/2 decade. So, FIT's potential downside is severely limited.