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Chimera Investment Corporation Message Board

  • lokix1_2000 lokix1_2000 Jun 20, 2012 2:59 PM Flag

    Oversold

    As annoyed as I am with the incompetence of management - I am treating this as buying opportunity. Coupled with extension of Operation Twist.

    This thing is trading down near their "economic value" which was as of 3/31. These types of assets are priced relative to market interest rates, which I will remind you the 10 year was at 2.22 on 3/31 it is 1.62 now......

    o. widening interest margins
    o. more prepayments on loan refinancing etc etc

    economic value probably much higher now.

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