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Microsoft Corporation Message Board

reconstitute09 27 posts  |  Last Activity: Mar 19, 2012 5:14 PM Member since: Nov 23, 2009
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  • Reply to

    "Immaterial Restatement"

    by stuntroad Nov 25, 2011 3:32 PM
    reconstitute09 reconstitute09 Mar 19, 2012 5:14 PM Flag

    You had better do more research. The board fired them.

  • Reply to

    "Immaterial Restatement"

    by stuntroad Nov 25, 2011 3:32 PM
    reconstitute09 reconstitute09 Mar 19, 2012 9:08 AM Flag

    One "small" detail (I say "small" with tongue in cheek) that you forget to mention is that the manangement of LPHI were selling shares. Therefore, in fact, CIM is not like LPHI because the management of CIM is buying their stock and not selling it. Thank you for your "impartial" post (again I say "impartial" with tongue in cheek).

  • Reply to

    18 million shares traded already

    by zwwpyramid Mar 16, 2012 12:08 PM
    reconstitute09 reconstitute09 Mar 16, 2012 2:04 PM Flag


  • Reply to

    Did i miss something?

    by johnmags1 Mar 16, 2012 7:49 AM
    reconstitute09 reconstitute09 Mar 16, 2012 10:36 AM Flag

    Should find out more after the Dec 31st 10-K is filed because (as stated in the 8-K) CIM will also file another 8-K to explain the nature of the conflict in more detail.

  • Reply to

    Why the mREIT meltdown today???

    by nickspinner Mar 8, 2012 12:24 PM
    reconstitute09 reconstitute09 Mar 9, 2012 12:10 PM Flag

    Except prepays are good for CIM because they buy at a discount. Also, Wells Fargo downgraded NLY to hold.

  • Reply to

    Even when CIM was Above Four Dollars

    by reconstitute09 Feb 9, 2012 9:36 AM
    reconstitute09 reconstitute09 Feb 9, 2012 7:37 PM Flag

    By the way, your face looks like it need re-arranging.

  • Reply to

    Sell shares today?

    by radio3353 Jan 25, 2012 10:37 AM
    reconstitute09 reconstitute09 Jan 26, 2012 8:08 AM Flag

    Yes, if you do that--you get a bonus--double dividend.

  • Reply to

    Rule of Thumb!!

    by pdmidoos1 Jan 17, 2012 6:23 PM
    reconstitute09 reconstitute09 Jan 20, 2012 8:00 AM Flag

    I did not say CIM was a blue chip. The average dividend yield for the DJIA is above 1.5 percent.

  • Reply to

    SLAM! And I didn't even write it

    by a0002604 Jan 8, 2012 6:36 PM
    reconstitute09 reconstitute09 Jan 9, 2012 11:07 PM Flag

    this guy absolutely no experience evaluating REITs and failed miserably. does even know what metrics to look at. trying to look at metrics that have no relevance in REITs.

  • Reply to

    Any Opinions?

    by reconstitute09 Dec 30, 2011 10:25 PM
    reconstitute09 reconstitute09 Jan 2, 2012 1:29 AM Flag

    Without researching, I will concede to this (the post I am responding to). However, I think it is a distinct possibility that these organizations (the smaller firms referred to in your post) were taking end of year tax profit/loss trades and will get back into CIM in the first quarter.

    In regards to TWO being a "Better" company than CIM: Why does the market think there is more risk: 17.xx per cent yield for TWO and 16.xx for CIM? Not sure how comparable that they are as far as portfolio.

  • Reply to

    One Possible Reason for CIM Price Decline

    by reconstitute09 Dec 30, 2011 5:04 PM
    reconstitute09 reconstitute09 Jan 1, 2012 6:18 PM Flag

    The narrowing yield curve most certainly has an effect on their results. Any new paper that they buy is priced based upon current rates. What do you think happens to the yield on an interest based product when current rates go down? It matters a great deal what the yield curve is when you borrow short term and buy longer term assets.

    On a different note: CIM has seen very little non-performance of their assets over the past couple of years. Alot of their paper was bought at huge discounts to face. If I remember correctly, they have about 2 Bill in unamortized discounts (In other words: If/when any of those discounts get refinanced: that discount goes to profit (and therefore dividends: realized gains go to dividends)).

  • Reply to

    Where r the earnings?

    by hubcap1234_00 Nov 14, 2011 5:50 PM
    reconstitute09 reconstitute09 Nov 14, 2011 5:55 PM Flag

    Go to their website at SEC filings. Not complete; however, enough said.

  • Reply to

    My Understanding

    by reconstitute09 Nov 11, 2011 12:18 AM
    reconstitute09 reconstitute09 Nov 11, 2011 10:24 AM Flag

    It would not affect taxable income (hence dividends) until it is a realized loss. Unrealized losses are not put into the taxable income fiqure. Sort of like when you have an unrealized loss in your stock portfolio. It is not realized until you sell (or in the case of equities--if the company goes completely bankrupt and the stock is terminated). Obviously, you do not want high OTTI. HOWEVER, the fact that some OTTI for some quarters has to moved to net income from comprehensive income is a non-issue. It does not change the OTTI amount. The dividend does not change from OTTI being put into net rather than OCI because it is not used in calculating the figure used to determine deividends.

  • reconstitute09 reconstitute09 Oct 31, 2011 9:12 PM Flag

    It is all about screwing the equity holders. It always is with almost every equity.

  • Reply to

    Hope The Move Down Is Done

    by Spraker Sep 2, 2011 1:09 PM
    reconstitute09 reconstitute09 Sep 2, 2011 11:53 PM Flag

    First, the SEC is not going to decrease leverage rates (IMO) for REITs in the current housing market for fear of further disruption. Probably will just tweak their "no-action" policy slightly in regards to swap derivatives (derivatives being a major cause of the financial crisis). Secondly, even if the SEC decreased leverage rates for mREITs: CIM only has 1.9 leverage (recourse leverage is even less at 1.3). Thirdly, if you take the principal value of all of CIM's assets: Agency RMBS account for 25.5 percent of all principal value (latest figures). The agency RMBS were purchased at a slight premium to principal while the rest of the assets were purchased at a discount. I suspect that agencies constitute a lower percent of assets now than at the end of the 2nd quarter. I think that CIM "parked" some money in agencies during the 2nd quarter to await opportunities in the non-agency market.

  • Reply to


    by assclownjohnny Aug 3, 2011 6:10 PM
    reconstitute09 reconstitute09 Aug 3, 2011 6:49 PM Flag

    What do tax laws have to do with CIM? Your short didn't fair so well today, sorry about your luck (absolutely not).

  • Reply to

    Last Quarters Dividend

    by barhoc11 Feb 20, 2011 2:31 PM
    reconstitute09 reconstitute09 Feb 21, 2011 11:50 AM Flag

    Yes, I guess you can do that. However, if they issue you a corrected 1099 later--you will have to file an amended form. The first year I owned a REIT (with a different broker than I have now)--I did not know about the REIT rule and I filed based on the 1099 that I received. Then, later, the broker issued a corrected 1099 and then I did some research and found out about the REIT rule and so I ended up filing an amended return. No big deal but it was just kind of a pain. Personally, I don't see any problem with doing it the way you want because you will end up paying it anyway--it will just be next year. I'm just a little fussy about doing my taxes because my late mother used to work (seasonal) preparing taxes and I just took it upon myself to learn how to do my own. The broker is not trying to pull a fast one--they just have a hard time handling all the issues in a cost effective way.

  • Reply to

    Tax treatment of the dividend

    by want2bik Dec 28, 2010 3:08 PM
    reconstitute09 reconstitute09 Dec 28, 2010 9:13 PM Flag

    sonnewayne is correct. Also, the Jan 2011 payment is taxable in year 2010 (for REITS). Go to IRS website and read publication that deals with dividends (or order the hardcopy of the publication). However, NLY did have one cent of dividend last year that was considered qualified dividend (forgot the reason).

  • Reply to

    Loeb & Loeb - Deloitte & Touche

    by mick.2126 Nov 26, 2010 11:45 PM
    reconstitute09 reconstitute09 Nov 27, 2010 1:53 AM Flag

    By the way: by asking for information from me about mw that was not already on the internet implies that they had already done (or were going to do) a significant search of the internet and gained (or will gain) any information they could from the internet about mw.

  • Reply to

    Question, Is it really 17% DIV?

    by eyalyazdi Sep 8, 2010 11:04 AM
    reconstitute09 reconstitute09 Sep 12, 2010 5:06 PM Flag

    Short term capital gains are taxed at your normal tax rate (unlike the tax advantage of long term capital gain). All of CIM's dividends thus far have been non-qualified ordinary dividends that are also taxed at your ordinary tax rate. In other words, both are taxed the same. I hold and collect the dividends and then at some point there will be a long term capital gain available to take (alot of my CIM shares are not in an IRA). However, I do understand why someone would like to trade this stock especially if they have in an IRA. I tried once to sell CIM for a short term gain with the intention of getting in at a lower price; however, I had to get back in at a higher price. I go along with the adage that if you trade a stock you have to be right twice (instead of once)--once when you buy and once when you sell. The risk of selling with the intention of buying back in lower is that a person might miss a breakout to the upside.

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