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  • Chimera: An mREIT Not Worth Owning [View article]
    Amen, brother...
    Nov 29, 2011. 04:00 PM | 1 Like Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    1raptor - All Seeking Alpha contributors definitely do not share the same opinions. Someone on SA may have recommended CIM in January, but Parsimony Investment Reseach did not.
    Nov 29, 2011. 01:50 PM | Likes Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    Thanks for the comment, yj. CIM investors are also enamored with the low dollar price of the stock ($2.60)...they are hoping to get rich if the stock doubles or triples...
    Nov 29, 2011. 01:33 PM | Likes Like |Link to Comment
  • Buy Gold Ahead Of QE3 [View article]
    That is correct, bread111...we think QE3 is inevitable...
    Nov 29, 2011. 12:56 PM | 3 Likes Like |Link to Comment
  • Philip Morris: My Favorite 2012 Dividend Stock Idea [View article]
    TJ - We like the stock as well. You are correct, choosing the right stocks is more important than ever...

    PIR
    Nov 29, 2011. 12:54 PM | 2 Likes Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    For the record...we have NEVER suggested than anyone buy CIM...
    Nov 29, 2011. 12:47 PM | 1 Like Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    Ernest - you are correct...but their non-agency book is currently valued below their "deep-discounted" cost basis...
    Nov 29, 2011. 12:42 PM | 1 Like Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    Housing will recover eventually, but if CIM is sitting at $0.50 at that time...it will take years for you to get back to break-even. Agency REITs have a much better risk/reward profile right now...
    Nov 29, 2011. 12:39 PM | 1 Like Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    rwdamelio - We certainly don't get the warm and fuzzies from small insider purchases ($264k). Over the past 6 months, insiders have purchased less than $1 million worth of CIM stock...they aren't exactly backing up the truck!
    Nov 29, 2011. 12:35 PM | Likes Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    rocket1400 - "IF" is the million dollar question...but we wouldn't bet on it. There is better risk-adjusted yield out there in the mREIT space...
    Nov 29, 2011. 12:22 PM | 1 Like Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    Agreed, Doug - CIM will do better if there is a massive recovery in housing...but we think the probability of that is very low...
    Nov 29, 2011. 12:21 PM | 2 Likes Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    We haven't really dug into IVR, but we'll take a look and put together an article on it...
    Nov 29, 2011. 12:19 PM | 1 Like Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    Well said, Jacob...
    Nov 29, 2011. 11:07 AM | 1 Like Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    Thanks for the comment, Ken...agreed, the floodgates may open soon from the CIM faithful.
    Nov 29, 2011. 10:50 AM | Likes Like |Link to Comment
  • Chimera: An mREIT Not Worth Owning [View article]
    Hi effeff63 - I'll give the management team the benefit of the doubt since it is under the wing of NLY..but as you know, the real risk with CIM is their non-agency portfolio. Investors love NLY because they focus 100% on agency MBS and they are less levered than most of their agency-focused peers. Also, NLY has a very long track record of managing its portfolio through various interest rate cycles...
    Nov 29, 2011. 10:28 AM | 3 Likes Like |Link to Comment
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