New York Mortgage Trust, Inc. NYMT

I dont get what your all freaking out about. This stock is a steal, they sold some assets for cash money right now. Meaning they will not go bankrupt. Hell, they could sell all the assets and go bankrupt and this stock would be worth about 5 times the current price.

Btw, only a very small margin of people cannot pay mortgages atm, and they will after this blows over. Also, refinance is absolutely huge right now and companies cannot even keep up with the demand. I guarantee this company will be fine and is probably beating any refinance records they had previously.

Source? I work at a private mortgage company and we are are making record profits actually.

In perspective, New York is currently suffering and if the mortgage also collapse I think it has more impact than just monetary. It is not the company is managed badly, it is well managed however due to corvid 19, it is down.

If your answer is fed fund will support this stock then you can hold because if it can down to below a dollar with it a 2 dollars all are noise

Come on 4.5 dollars

Fed buy through BlackRock and of course these stocks will rise and rise. It drops because no one can buy, now with 2t just a drop of it can make any stock rises

It is like airline when the stock drops too much then margin call, so as long as NYMT will be receiving some lifeline then no issue
It is not poor governance just the virus come and great impact to all businesses

$NYMT lets gooooo

If they get funding for this period, then what will be the share price, not 6, probably 3 ?

Refinance is making a killing for these companies. I don’t get this fall at all. The industry is booming with such low rates.

Institutional ownership