If you are in it's a mute point. And a time to ponder dollar cost aveaging and pick up some more prices before the fed unleashes cash on on the open market. An equity offerring at this point in the economic cycle was probably not wise, but it will allow for greater enhanced leveraging up for CIM to buy more interest earning assyest with both low cost equity and debt funds. Good news in the fourth quarter is foreshadowed by positive gain in other comprehenisve unrealized comprehensive income. So look for positives on its sale of high yielding agency and non bacjked agencies on the open market. As interest rates go down, these assets with high fixed coupon rates are bid up on the open market.
I'm in and they will. I look at it as healthy growth. If the p.p.s stays within range(3.70 to 4.20), and the div. the div. is 18c, this stock is worth keeping for a while. Of course it is all contingent upon rates staying low. That's what should be watched foremost. Good Afternoon. FOXY. Disclosure: New Buyer at 3.87