Possibly however, CIM is (was) managed by ACM when it was well below 5 bucks-- ACM voted a huge reverse split--and since that time CIM has been on a downward slide.
Had it not been for the huge r/s CIM would be out of business or OTC now.
All IMO--I respect yours.
To each his own--I do not believe in r/s to keep a company in business.
CIM is a better investment in a rising interest rate environment as there will be less mortgage related deliquesces . CIM is little riskier than NLY but in coming days it will be more profitable than NLY.
Knispwr, I do not subscribe to a drastic and immediate share buyback program that would adversely affect dividend payouts but rather a structured program that would span several years and be dictated by the relationship of share price to book value...so that the only shares that would ever get bought back, under the program, would be shares that were trading for less then the book value of the company. In my very humble opinion, the announcement of a long term structured buyback program would be viewed as a positive by the market and, as such, could help to relieve the constant erosion of share value that has occurred over the last several years. Frankly, if the value of the shares returned to and remained at or above book value over the term of the buyback period and if not one share was ever bought back, that would be fine by me. I just feel that such an announcement by management would show confidence, on their part, in the long term value of the company and send a positive message to the market and shareholders alike.
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I tend to agree. There are clear hazards to borrowing ultra-short to invest ultra long. As interest rates rise, their interest expense increases yet interest income from their fixed book stays the same. The costs of partial hedges increases dramatically as a result of the interest rate volatility. The value of assets declines substantially while market value of the ST liabilities stays fixed. BK is a certainty if interest rates rise more than a few points. I see this becoming a $3 stock within a year.
When was the last time you had a $900 day? Had my first one last week thanks to Ultimate Stock Alerts (they are in Google, do a search)
I usually only put spammers on ignore but will make an exception in your case.
Total useless drivel post. Buh bye