Don't matter to me as long as they announce it.
TheStreet Ratings rates Chimera Investment Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Chimera Investment Corporation Ratings Report now.
I think it's important to recognize that one big positive sign has emerged. Over the last two weeks, no less than five highly respected investors and investment management companies have staked large positions in Chimera. Among others, the bond giant BlackRock (NYSE: BLK ) has accumulated 56 million shares, former partner at Goldman Sachs Leon Cooperman has purchased a total of 55 million shares, and Wells Fargo (NYSE: WFC ) now controls 61 million shares.
Even though CIM was granted a extension of 30 additional days, they could file at any time during that period.
I have learned to always expect the unexpected.
The restatement is not expected to affect the Company’s previously reported GAAP or economic book values, actual cash flows, dividends and taxable income for any previous period. The Company expects to file its 2011 10-K by February 15, 2013, and expects to file its Quarterly Report on Form 10-Q for the quarterly period ending March 31, 2012 within 60 days of filing the 2011 10-K. Any subsequent unfiled Quarterly Reports will be filed as soon as practicable. The Company continues to work diligently to complete the ongoing work on the restatement and on becoming current on all of its filings required under applicable securities laws.