Possibly however, CIM is (was) managed by ACM when it was well below 5 bucks-- ACM voted a huge reverse split--and since that time CIM has been on a downward slide.
Had it not been for the huge r/s CIM would be out of business or OTC now.
All IMO--I respect yours.
To each his own--I do not believe in r/s to keep a company in business.
Simply stated: Annaly capital mgmt. is (mgr/owner) of cim they authorized a huge r/s years back and recently authorized another recently.
Increases share price.
All IMO you are entitled to your opinion---I have mine--Still long--Still holding--My choice!!
I am long for a long time and have done ok with the dividend payments however, I am getting concerned that management may be taking this down the same path as cim (large reverse split).
All thoughts welcome.
pumpers and bashers.
I sure hope you are right about that however, I am not comfortable in my gut that Immelt will share. He seems to find ways to divert profits in ways other than sharing with shareholders IMO.
Good investments on your part.