I want to share something from our recent Portfolio Update. Over the weekend, I wrote: NYMTN (NYMTN) at $19.41 is $2.00 more than NYMTL (NYMTL) at $17.41. That’s crazy. No way there should be a gap that large. Not even close. Investors should sell NYMTN to buy NYMTL if they can get a spread near $2.00.
A Clear Pricing Failure: NYMTL vs. NYMTN
A Clear Pricing Failure: NYMTL vs. NYMTN
A Clear Pricing Failure: NYMTL vs. NYMTN
I want to share something from our recent Portfolio Update. Over the weekend, I wrote: NYMTN (NYMTN) at $19.41 is $2.00 more than NYMTL (NYMTL) at $17.41. That’s crazy. No way there should be a gap that large. Not even close. Investors should sell NYMTN to buy NYMTL if they can get a spread near $2.00.