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Chimera Investment Corporation Message Board

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  • b_hummell b_hummell Jan 19, 2011 5:57 PM Flag

    Predictions of next secondary date?

    All the SPO's by the REIT's have been below the market share price on the date of the announcement. That drives the share price down temporarily. CIM has a scheduled earnings call early in Feb 2011. Will be interesting to see if they announce a SPO before or after the earnings call. I own CIM and some AGNC. I like both for different reasons. Both will do better if interest rate increase than NLY. AGNC is federally guaranteed loans like NLY but appears will take less of a hit than NLY if interest rates increase. CIM may "increase" earnings if interest rates increase although with CIM, not federally guaranteed loans. CIM is riskier than NLY and AGNC, but better positioned if interest rates increase barring too many defaults. With AGNC's much higher dividend rate than NLY, less of a hit if both were to drop dividend payouts slightly. For these reasons CIM and AGNC are my favorite REIT's.

 
CIM
16.14-0.09(-0.55%)Sep 29 4:01 PMEDT