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Chimera Investment Corporation Message Board

  • foreverwhiteroses foreverwhiteroses Jun 29, 2012 11:42 AM Flag

    What Is NOT Discounted?

    You have to begin to wonder what new information is not already now discounted in the market price of CIM? The market hates uncertainty and the ever delayed filing cloud has certainly created that, but what exactly could surprise the market now in the filing, whenever it takes place, given the pounding CIM has received recently? On top of everything else, CIM has now half discounted another 1¢ dividend cut offering a 15% yield. Yet, having said that, and having been in and out of CIM over the years ever since the IPO, the very same thing seems to have been sayable (to make up a word) all the way down..... I wonder what a true turn in the housing market would do for CIM? Then again, predicting a housing bottom has gone just about as well as predicting a bottom in CIM........

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    • Really hard to guess except I strongly feel 'class action suits' are coming. Maybe even future SEC legal recourse.

      Management lack of transparency about the continued filing delay is suspicious (that is being polite). As a guess__the longer this goes on the more likely any restatements will be farther back than previously assumed.

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