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More on Chimera (CIM +11%): The company still has yet to file financial statements since 2011 Q3...

More on Chimera (CIM +11%): The company still has yet to file financial statements since 2011 Q3 (though a new auditor was hired this year). Quarterly and annual reports from Q3 2008 through 2011 "can no longer be relied upon," and will be restated. The restatement is not expected to affect previously reported income, book values, or dividends. (PR)
Comments (3)
  • kwm3
    , contributor
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    Wow... that's alot of restatements!! What happened?
    7 Aug 2012, 09:48 AM Reply Like
  • batitude
    , contributor
    Comments (118) | Send Message
     
    Read the 8-K for the details - all about GAAP recognition of earnings - but not Taxable income which is what the dividend is based on, or Book Value. Those two things are the most important to me as a shareholder - being able to buy the stock at less than Book Value and getting the great yield with the Dividend. Maybe I can recover some of my Market Value now...
    7 Aug 2012, 10:40 AM Reply Like
  • spondrei
    , contributor
    Comments (75) | Send Message
     
    I agree 100%. I always thought that their problem was negligable. Continued to buy as it was getting beat up @ $2.04(thank god), and took a little profit when it popped to $2.49. Will continue to buy on a pullback....
    7 Aug 2012, 02:01 PM Reply Like
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