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Chimera Investment Corporation Message Board

joeytheghost 21 posts  |  Last Activity: Mar 21, 2014 8:41 PM Member since: Jul 27, 2004
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  • Reply to

    UBS initiated

    by bobdbeck Mar 21, 2014 9:35 AM
    joeytheghost joeytheghost Mar 21, 2014 8:41 PM Flag

    UBS is a huge move to boost the future of NYMT, frankly I "discovered" NYMT on another message board a few years ago while researching New York Community Bank. Since my time investing and trading NYMT has been profitable. On one occasion Bernake farted on the Cramer burlesque show and all mREITS tanked and foolishly I joined in the stampede; never again. I am starting to look at NYMT more as an investment than a trading instrument. GLT all. UBS initiation will expose our REIT to greater exposure.

  • I still think the B/V is a concern. Having said that, this company delivers a steady divident and I intend to buy more if there is a SPO. NYMT imho is better invested than others with it's strategy of multi family housing units and of a mind that the premium to B/V is justified providing earnings are maintained. Furthermore, every time "ole Yellen" opens her mouth it's like the Titanic and it is stupid! Picked up more of another favorite mREIT DX on the dip this AM.

    Sentiment: Buy

  • joeytheghost by joeytheghost Mar 19, 2014 3:45 PM Flag

    I will never understand the "panic selling" when the FED announces a lowering of 10 billion dollars in bond purchases which almost is nothing more than a rounding error. I am waiting for a further drop before adding more to my portfolio.

  • Reply to

    WHAT GIVES?

    by azcactus737 Mar 6, 2014 1:08 PM
    joeytheghost joeytheghost Mar 10, 2014 4:42 PM Flag

    OK - I get the "ghost" crack; however, just because a stock is well managed etc. it simply should not trade to such a premium to B/V... This stock is heading for $7.00 real quick.

  • Reply to

    I'm out.

    by theheckwithtech Mar 5, 2014 5:36 PM
    joeytheghost joeytheghost Mar 6, 2014 4:04 PM Flag

    Don't let those throwing bricks cause any tears. Too often people fall in love with their losers; not to say NYMT is a bad company but I sold out also, the stock is just too expensive. Once it pulls back to where the premium is no more than 5% of BV I will be back in....

  • Reply to

    Does any one care about Book Value?

    by krt_investor Mar 4, 2014 7:26 PM
    joeytheghost joeytheghost Mar 6, 2014 3:57 PM Flag

    I like WMC & NYMT; sold both two weeks ago. These aren't bad stocks but they are over priced to B/V in the case of NYMT drastic.

  • joeytheghost joeytheghost Mar 6, 2014 1:38 PM Flag

    With some people brain washing only requires a slight rinse. Sir please go over to the Ford Motor Co. site for this type of Bravo/S. My portfolio is way up; my grandson came home from Iraq in one piece and nobody knocked on my door to take my gun. Commercial properties that I owned that were vacant in 2008 nor have paying tenants. TWO has performed well.

    Go soak your head or go to another board; personally I do not like your spelling of the President's name be he Republican or Democrat. While still a registered Republican it is the Tea Party inbred fools who are going to destroy us as a party as the country grows more diverse.

  • Reply to

    WHAT GIVES?

    by azcactus737 Mar 6, 2014 1:08 PM
    joeytheghost joeytheghost Mar 6, 2014 1:26 PM Flag

    I like NYMT but I sold my position @ $7.80; simply put I believe the stock was trading at a premium too high to B/V. Simply over bought imho. This is still a fine company and the dividend I feel will be maintained but it is simply overpriced and I feel it will be a good buy once it averages back to $7.00.

  • joeytheghost joeytheghost Mar 4, 2014 6:39 PM Flag

    I recall when he beat up on FaceBook!! I watch his burlesque show on TV but take most of his "buy" recommendations with a grain of salt. No doubt about it, he is a sharp guy but sometimes I wonder if he really understands mREIT hedging etc.

  • joeytheghost joeytheghost Mar 4, 2014 6:36 PM Flag

    When Cramer talks about ANY mREIT except NLY (a schlock stock imho) he shows his prejudice. I don't know why, but he rated EFC a "Sell" last year and I am up nicely in share appreciation and dividends, same with NYMT. Anyway, I picked up 1000 shares today and hope earnings come through as I expect.

  • I own EFC and a few other stocks and did very well with WMC divie and redeployed funds; looking to get back in but the very high P/E compared to other mREITS concern me very much. Please don't throw bricks, just looking for any constructive input.

  • joeytheghost joeytheghost Feb 13, 2014 11:15 AM Flag

    Why don't you take your spam to another board.

  • joeytheghost by joeytheghost Feb 12, 2014 9:18 AM Flag

    This morning I looked over the financial results but failed to see a ex div date for the dividend of .27 which was noted in this morning earnings announcement for the fourth quarter. Anyone have any info?? Thanks and good luck. EFC declared .77 this AM which was good news for me anyway.

  • Reply to

    Special Divvy

    by headhunter80904 Feb 8, 2014 3:56 PM
    joeytheghost joeytheghost Feb 10, 2014 7:09 PM Flag

    I wouldn't be suprised to see a special divie around .37 cents per share, last year the special divie was much higher so I am going to predict a more conservative number. In addition, managemeent holds a lot of common so I could see them being "generous" to the other share holders. I like this company very much. WMC is something that I used to hold. I am probably not smart enough to figure out the huge dividend and have earnings that are almost nill. Anyway, I have bought some NLY as I think the knife has stopped falling.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    joeytheghost joeytheghost Jan 30, 2014 6:50 PM Flag

    News to me. I am a used car dealer and always thought NICK was a Florida Corp. as is mine. I wouldn't worry about PSEC, I have owned their stock from time to time and they are at the top of their game; like many mREITS (which they are not) they have gotten hammered of late. With PSEC you have a dividend yield currently of 12% and a much more diversified company.

    I have never done business with NICK and I have heard both good and bad; I will say that NICK gets the max vig rate in the business and I understand they discount the note from the dealer which gives them good risk protection. We hold our own notes so I have no position other than what I hear from other dealers.

  • Reply to

    Nicholas Financial

    by joeytheghost Jan 29, 2014 10:43 AM
    joeytheghost joeytheghost Jan 30, 2014 6:41 PM Flag

    No, I don't do the same thing; I hold my own paper and do not structure my deals the way Nicolas Finance does with theirs; no, neither am a "jealous". I have owned and intend to own more PSEC when they announce their earnings. At any rate I am not going to argue how special auto finance works with someone who isn't in the business. Good luck with your holdings.

  • Reply to

    Fed reserve

    by blair.wagner Jan 29, 2014 2:23 PM
    joeytheghost joeytheghost Jan 29, 2014 6:46 PM Flag

    Well friend lantern I think a lot of todays selling was from disappointed shareholders who wanted all cash. I elected to sell my stock after the ex-div date, it is curious that the P/E is so very high and my concern is over their ability to maintain the dividend. I only owned 1000 shares but was happy to be a shareholder again with my 97 shares; I wanted all cash but I am pleased with the results. I await earnings. Check out EFC.

  • joeytheghost by joeytheghost Jan 29, 2014 10:43 AM Flag

    I am a used car dealer who holds my own paper. I have nothing bad to say about Nicholas never having done business with them. Having said that this firm is in the sub slime auto finance business. I have studied how they work most of their deals (very risky) but with extremely high returns IMHO I believe PSEC is adding a risky but potential excellent acquisition. The only trouble with high risk lenders is that the new car captive financing companies are doing equally silly deals only on new cars which slows demand for used cars with many of these dead beat buyers.

  • Reply to

    Getting Screwed so far...

    by sanemann Jan 28, 2014 4:20 PM
    joeytheghost joeytheghost Jan 29, 2014 10:21 AM Flag

    These people are complaining about a lack of rye bread when they have a Virginia Ham under their arms.

  • Reply to

    Getting Screwed so far...

    by sanemann Jan 28, 2014 4:20 PM
    joeytheghost joeytheghost Jan 29, 2014 10:19 AM Flag

    Think for a moment, they didn't have the cash to distribute to every shareholder. I got a nice divie in my Scottrade account. Why do you folks complain? $2.35 per share!! Try getting that at Baily Bros. Building & Loan. Only owning 1000 shares before I sold them earlier I am now a stock holder again with my 97 shares, heck I may keep them. I see an entry point as all of those who requested cash are going to sell the shares. My main concern with this stock is a sustainable dividend.

CIM
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