NYMT follow up
NYMT has a history of doing spo's. I think they've done at least 2 or more this year. In connection with the recent spo, they pre-announced their earnings for the 2nd Q, which were 7-9 cents or much lower than the 20 cent divy. So while this info is now out in the public, when they report their Q2 earnings, the machines may react to the headline and take the stock down a bit. However, this info is now already known in the market, and perhaps more importantly, represents the past performance. So that could open up an opportunity.
I haven't liked NYMT in the past, but the stock has a knack for recovering after spo's, of course, only to do another spo. And the yield is now over 13% and their assets should do well if the Fed follows through with a rate cut.