they got the long timers suckered into reinvesting their divi's at around 4.20 and them dump a million shares aat a discount to their friends...and they knew all along what they were going to do...not even a mere mention of it at the conf. call...cause they knew share price would fall dramatically and the long timers might not be suckered in at 4.20...CROOKS!!!!!!!!!
I tried to tell you all this was going to happen. Everyone on here calling me a basher. This is how CIM has been for a long time now. I have been telling you all to sell since it was at a high of 4.36 and lower.
Time to buy will be in the 3.80 mark.
I tend to agree with your assessment jeopozack. There are other REITS with lower returns, but maybe better management? Do you know of any?
With management like this - I'm probably not the only shareholder considering moving into another investment.