It's been a long wait, but Chimera Investment (CIM) has finally filed its 2011 10-K as well as...


It's been a long wait, but Chimera Investment (CIM) has finally filed its 2011 10-K as well as restatements for 2009 and 2010. The restatements have "no material effect on the company's (financial condition)." Chimera expects to have its 2012 Q1 report within 60 days and all subsequent reports done "as soon as practicable." Shares +1.6% AH. (PR)

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Comments (8)
  • ReaperLynx
    , contributor
    Comments (213) | Send Message
     
    It's about time! At least they didn't wait until the last day.....March 15. Now let's hope their subsequent financial reports are released quickly!
    8 Mar 2013, 06:45 PM Reply Like
  • kingdad
    , contributor
    Comments (1371) | Send Message
     
    Until the Pros have had a chance to thoroughly sift through these reports I'm not re-buying. I made good Money on CIM but I recently sold at a Profit after all those nice Dividend checks. I personally hope they can finally clear the air and the company name and get back to doing the business of making the shareholders some Money!
    8 Mar 2013, 06:57 PM Reply Like
  • rschiffer
    , contributor
    Comments (4) | Send Message
     
    They told us all along that there would be no material change. The mark to market problem has been a problem in the industry. They handled it , and corrected their internal procedures as they should. .now on to the next trades.....
    8 Mar 2013, 07:55 PM Reply Like
  • KJP712
    , contributor
    Comments (469) | Send Message
     
    Never bet against Leon Cooperman or D.E.Shaw.
    9 Mar 2013, 12:51 AM Reply Like
  • cashewking
    , contributor
    Comments (936) | Send Message
     
    i agree Leon is the MAN !
    9 Mar 2013, 09:14 AM Reply Like
  • louisianne
    , contributor
    Comments (3) | Send Message
     
    I have made a ton of money, buying CIM buying it at the "low" of $2.50-2.70 and selling it at the "high" of $3.15-3.20
    9 Mar 2013, 10:27 AM Reply Like
  • speculative
    , contributor
    Comments (1640) | Send Message
     
    ...and after all is said and done, the haters that didn't get in when CIM was severely discounted will all be coming out of their hate closets and begin trashing CIM. We are all expecting it and oh, wait, it's already happening by another SA writer named Tim. You see, I knew it couldn't last. As a fellow commenter "rschiffer" mentioned above that CIM has broadcasted that there would be no material change. This was a "BUY" sign. If things were any different, they would have let themselves be de-listed which is not as bad as many believe as I have held positions that de-listed and re-listed with a huge comeback. They did what they said they would and have complied with regulators. The big boys have been buying and that was another sign. Unfortunately, I was not in a position to add as many as I would have loved to (4X's), but I do hold over 3K shares. I saw the signs and added 1500 units to reach the 3K but wanted to have 24K. We all miss some opportunities and I know for a fact that more than the average will be kicking themselves up the booty all weekend and for a long time for their lack of reading the signs. Hey, I sold NFLX at $65 thinking I was making a killing having bought them at their ultimate bottom; now trading over $180 and probably headed to $250. CIM is still very attractive at current rates and I have liquidated others to add more CIM on Mondays opening if they hold under $3.25. I doubt it, but sometimes it has a delayed reaction or it may be halted, who knows. I am ready with $6500 for the next transaction if it allows me to buy at my price or less and add on for awesome dividends. Now haters...be nice, there are always other opportunities out there and we all miss some. Maybe you should try FCEL who is reporting on Monday 03/11 at 10am I think so I believe you may have some time. For those who held on to NFLX longer than I did, enjoy your fruits and the same goes for those who against most odds played this one to the end having read the signs. Last clue, well, the recent increase in share price was the icing on the cake. A "no brainer". I bet many didn't see it coming. Tsk, Tsk, Tsk.

     

    I have been long CIM for income and to be honest, I was losing 60% before adding more to leverage myself and now I am down 12% as of Friday close. Here's the kicker. I have covered my loss with the dividend payouts and then some by about $450. In essence, I am gaining although it appears to be a loss; like an oxymoron...but who cares. Winning and cheering others is what makes this all the best game and would be better without the HATERS.

     

    Happy trading/investing!
    9 Mar 2013, 11:09 PM Reply Like
  • northhills24
    , contributor
    Comments (1735) | Send Message
     
    I am with you here.. I saw NFLX drop to 53! what was I thinking not to jump in? I am a subscriber of both streaming and DVD"S.. and certainly representative of their customer. Amazing "would have should have." But we all have many. Tim bashed CIM back in July and the stock dropped to 1.81..7.27 he refused to say he caused it yet it occurred right after his article titled "CIM going to 0" appeared 7.25. He continues to bash CIM.
    10 Mar 2013, 09:53 AM Reply Like
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