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Chimera Investment Corporation Message Board

b_hummell 10 posts  |  Last Activity: Mar 28, 2014 2:57 PM Member since: Jun 18, 2010
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  • PSEC was at 11.39 on February 18th and today around 10.75-10.77. That's a price drop of approx 62-64 cents, over 5 % since last month and still dropping.

  • Reply to

    look for Psec

    by rlbeard6734 Mar 18, 2014 12:37 PM
    b_hummell b_hummell Mar 18, 2014 12:46 PM Flag

    PSEC keeps trading lower and now has recently lost several months worth of dividends and still dropping. A lot like what happened to the REIT's. Unfortunately, when chasing high yield dividends, too often it turns out badly. AINV is up this morning although a few other BDC's are also down. Will it get to 10.50? Pretty low and below NAV whereas PSEC usually trades above NAV. All started because of the S&P and Russell indexes. So, when will the beat down of the BDC's stop?

  • b_hummell b_hummell Mar 5, 2014 6:22 PM Flag

    PSEC already, in the past, bought out another BDC. Appears the entire BDC industry is under attack now with the goal of destroying it or weeding out the smaller & weaker BDC's.

  • Reply to

    Question for this board...

    by keltus1952 Feb 4, 2014 10:27 AM
    b_hummell b_hummell Feb 4, 2014 10:57 AM Flag

    Typical market is to over react one way or another. And as an investor, gives a chance to make some money. Made no sense for stock to drop to 10.70 range after dividend announcement which should have been a hint that earnings report would be ok. I bought some at 10.74 and sold 1/2 of them this morning at 11.10, keeping the other 1/2 for the monthly dividends.

  • Reply to

    Great earnings report!

    by get_this_money Feb 3, 2014 4:13 PM
    b_hummell b_hummell Feb 3, 2014 4:20 PM Flag

    Earnings was 32 cents per share, equal to what was expected. Yes, earnings increased dramatically, but because PSEC has increased number of shares outstanding, EPS was ok (on target), but not great. Regardless, at least met analyst expectations. Dividend has been increased for July 2014 forward and PSEC continues to pay at greater than 100% PO rate, although not too high. Overall, earnings report OK.

  • Reply to

    Blackrock bought more PSEC

    by tre_stylez92 Jan 31, 2014 12:01 AM
    b_hummell b_hummell Jan 31, 2014 5:36 PM Flag

    I don't care what Blackrock does. More concerned that in the past week, 4-5 months of dividends wiped out by price drop., Earnings release after close of markets Feb 3rd. If less than 32 cents, another big drop. Also depends on what dividends will be for July forward. How long can PSEC continue to pay out over 100% on income? Hoping for 33+ income per share and no declines in dividends.

  • Reply to

    PSEC will exceed Earnings Expectations

    by get_this_money Jan 30, 2014 8:23 PM
    b_hummell b_hummell Jan 31, 2014 3:52 PM Flag

    I'm expecting 31-33 cents earnings. Hoping just enough to sustain the dividend for July on without any reduction.

  • Reply to

    Down only .02

    by bacon2bacon Jan 29, 2014 10:12 AM
    b_hummell b_hummell Jan 29, 2014 10:27 AM Flag

    Down .02 ? In only a week, down over .40, or 4%. Stock price is collapsing back to NAV.

  • Reply to

    Price Drop Day Before Ex-Div

    by b_hummell Jan 28, 2014 12:09 PM
    b_hummell b_hummell Jan 28, 2014 12:33 PM Flag

    Competitors MAIn and FSC are up today & they are not going Ex Div tomorrow tomorrow like PSEC who is bouncing between even & price drop. Appears to me that combination of 1.; PO Ratio greater than 100% 2. Earnings may not be that great 3. Nicholas Lawsuit 4. PSEC diluting share value by constant isssuing of new shares is catching up to PSEC and ultimately will force a dividend cut after June 2014. Someone (insiders) must know something we don't. Drop in share price by tomorrow will be close to 50 cents in about 1 week.

  • Ex Div is tomorrow 1/29/14, yet PSEC price is still dropping. Very soon price will be back in 10's. Today started out with nice gain, but price retreated quickly and not a good sign when price drops day before Ex Div. Maybe next earnings news (early Feb) won't be good combined with PO Ratio over 100% catchin g up to PSEC, or even those combined with Nicholas lawsuit a problem?

CIM
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