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Chimera Investment Corporation Message Board

  • joepozack joepozack Nov 8, 2010 9:48 AM Flag

    as an invester in CIM u shd ask yrself why is CIM lagging it's peers..

    & maybe it's because of the management's ill timed and uncomminicated recent share offerings...because fundamentally it is a strong instead of bashing me maybe u shd be bashing cim's management...As a whole, components of the Mortgage Investment Stocks Index are paying out an average 8.8% yield, based on current prices and distributions over the last year. And while the sector has climbed nearly 3% over the last week, high yielding mortgage REITs Invesco Mortgage Capital (NYSE: IVR - News), Cypress Sharpridge Investments (NYSE: CYS - News) and Resource Capital (NYSE: RSO - News) have taken part in the rally and are sporting yields upwards for 16%. Meanwhile, Chimera Investment (NYSE: CIM - News) and Northstar Realty Finance (NYSE: NRF - News) have been noticeable laggards, falling into negative territory over the last week. On November 3, Chimera announced a public offering of 125 million shares of its common stock at a price per share of $3.85, diluting existing shareholders.

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