Posting on this board I sold before the earnings and will buy back at 3.60,what idiots.I picked up the dividend and posted keep this its going higher and that it has.You guys know little and missed the divi which was great and I got the all the money.Adamo
It will take a while for CIM to get to $5.
1. The book value has to go up over $5 for the stock to get there.
2. CIM is paying out all its earnings in dividends.
The stock will remain at this price even though the dibvidend is high because market is looking forward to higher inflation and interest rate soon!!
I am long and plan to hang around until the sense of first increase in interest rate! I have been lon on CIM for a long time - Thank you management for the dividends and providing me with steady stream of revenue in up and down times!!