Chimera Investment Corporation Message Board
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now start the drive to $4
hopefully the run to $4 won't take as long as the run to $3.
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I doubt it will go back to $4.00.
BV is 3.27 so even 1.1 X bv is about 3.6
I am long in at 3.88 so I would love to see it go back to at least 3.50 and get close to breaking even.
GLTA longs- 4 Replies to marcpark
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marc,
you seem to be ignoring the divs you have earned. -
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.
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Just buy more. It should hit $4 by 4/1. Fidelity has scored it 8.6 out of 10.
- 3 Replies to duchesssparkle
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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
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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 :(
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let's get over three first-it should have gone well over three today with news the low interest rates should continue. something wrong here????
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