Hey! marcpark I much like you have a chunk of my shares at 3.86 from last May with the dividend we are much closer to even. Bernanke changed the game this week, as you know the builders and the home depots are running, can that change the mind set of the public on the housing market?
I have always considered CIM to be moderately speculative I guess the question for me is have things changed enough to drive it farther ahead or flatten or retrace. I will put my money on a hoped for slow high div.ascent. Good Luck
CIM is unlike agency mREITs, where BV cannot change very much. In the case of CIM, bv depends on the health of underlying assets, i.e. you have credit risk, which can vary wildly with the economy and perception of such. That is why CIM's bv declined so dramatically and why it can go up as well. Next two analyst calls will be a pretty interesting.
imagin this , a $31,200 investment @ 14% yld ,would give me $364.00 per month ,long as they stop cutn the div'y, that could pay your property tax on home ,and if homes paid off ,then you should do better with div'y
selling 'hopein'? Lets hope it gets to 4+ by year end. In any market pull back I pray it will hold 2.60 support. Talking heads on TV trying to talk market into pull back, and they will finally do it, just matter of time :(