$NYMT Glad we are moving toward the actual value of this stock. Still have quite a ways to go. I am excited about how they are slowly exiting the non-agency MBS market for now as credit spreads tighten and taking advantage of the low rates of funding they can get since the federal fund rate is 0% meaning banks can borrow at a low rate and issue at a low rate. For a REIT that always rely on debt strategies to deploy capital for a larger return this is extremely good. This is going to make a massive impact to book. After the 2008 housing crisis they found a way to get book from $4.21 to $6.17 in less then a year. I wouldnt be surprised if they pull similar results considering the edge the fed is giving them in being able to deploy capital and the opportunities they can add to their pipeline for QOQ return.
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