NLY's business model is severely constrained if it doesn't enter the CMBS and non-Agency RMBS markets. Just as with CXS, NLY is almost forced to purchase CIM for one main reason; that is, it can't enter the non-Agency arena while CIM remains separate because it would be competing with itself. NLY would be chasing the same securities as CIM, and using the same research and people to do so, creating a conflict of interest. So either it buys CIM, or severs its relationship, which would create a new competitor. I expect the purchase offer to be made as soon as all financial reports are current.
Disregard anything tawny says. He is a nut-job and obviously off his medications. He has stated his mission is to keep people from trading because the bible states that wall street is the root of all evil and ran by Satan himself.
Never does he provide any data, news or history just says the same things over and over.
I find it a bit ironic that as such a deeply religious person he makes sure to put "#$%$" on every single post and constantly insults people. Probably one of the worst examples of a Christian I have ever run across!!!
Actually, I think the reason there is zero chance of it happening is that there is no way NLY would be allowed to buy a company where they have such a huge information advantage about its value that the rest of the market does not have. The transaction would immediately be mired in lawsuits filed by CIM shareholders who, quite rightly, would say that NLY hasn't released required information about the value of CIM, so that their attempt to take over the company is hideously bad faith.