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batitude

batitude
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  • Chimera Investment Corporation declares $0.20 dividend [View news story]
    I take it to mean that they have un-invested cash on hand, and don't have "good" investments to make, so they are distributing it to give shareholders something back. Without clarity due to being so far behind in filings - those of us who have stuck with Chimera deserver something! Since there are not good investments in their core business due to the Fed keeping interest rates super low, there alternatives are to pay down debt (which is already at a very low rate), or give back to the shareholders - which I am fine getting also.
    Dec 20 09:10 AM | 1 Like Like |Link to Comment
  • Chimera Investment Corporation declares $0.20 dividend [View news story]
    an approximately 6% special dividend, on top of over 11% regular annual dividend shows good cash flow - but if they don't get all of their reporting caught up, the stock price is not going to reflect any more than liquidation value.
    Dec 19 05:51 PM | 1 Like Like |Link to Comment
  • Chimera gets new investment chief [View news story]
    21.5M trades before 11:30 ET - less than half the trading day, and already almost 4X average volume. Hate to speculate, but there has to be more "inside" news that has not been released yet.
    Dec 10 11:27 AM | 1 Like Like |Link to Comment
  • Chimera up big on heavy volume [View news story]
    Looks like CIM closed up .11 with 25M shares traded. I would say that 4X average volume with no news means that somebody knows something...
    Dec 9 04:03 PM | 2 Likes Like |Link to Comment
  • As previously tipped, Chimera Investment (CIM) holds it payout steady, declaring a Q2 dividend of $0.09/share for an annualized yield of 11.7%. It's possible at least some portion of that dividend is return of capital, rather than ordinary income or capital gain, says the company, which also estimates economic book value as of March 31 of $3.08/share vs. an estimated $3.04/share in Dec. 31 (the company is behind on its Qs, so these remain estimates). [View news story]
    Sorry - I just read the headline, once I read the detail I realized you were quoting the economic book value.
    Jun 20 08:53 AM | Likes Like |Link to Comment
  • Chimera Investment Corporation (CIM) declares $0.09/share quarterly dividend, in line with previous. Forward yield 11.65%. For shareholders of record July 1. Payable July 31. Ex-div date June 27. (PR[View news story]
    More importantly, Book value of $3.55 per share:

    Headline: Chimera Investment Corporation Announces 2nd Quarter 2013 Dividend of $0.09 per Share; Dividend Distribution Tax Information; March 31, 2013 Estimated GAAP Book Value of $3.55 per Share

    Date: 06-19-2013
    Jun 19 04:42 PM | Likes Like |Link to Comment
  • As previously tipped, Chimera Investment (CIM) holds it payout steady, declaring a Q2 dividend of $0.09/share for an annualized yield of 11.7%. It's possible at least some portion of that dividend is return of capital, rather than ordinary income or capital gain, says the company, which also estimates economic book value as of March 31 of $3.08/share vs. an estimated $3.04/share in Dec. 31 (the company is behind on its Qs, so these remain estimates). [View news story]
    CIM's Press release states the GAAP Book value of $3.55 per share, not sure where you got the 3.08 (or 3.04)

    Headline: Chimera Investment Corporation Announces 2nd Quarter 2013 Dividend of $0.09 per Share; Dividend Distribution Tax Information; March 31, 2013 Estimated GAAP Book Value of $3.55 per Share

    Date: 06-19-2013
    Jun 19 04:40 PM | Likes Like |Link to Comment
  • Microsoft's Windows 8 Isn't A Flop ... Yet [View article]
    I like touch for reading and browsing, but for "working" I have to have a keyboard and a mouse - I can't even work very productively using a Trackpad on the laptop - I carry a travel mouse.

    smagnone - I would like to know from the CIOs and CTOs what their users are actually doing with the devices they want touch on. Business Applications, especially ERP systems, really are not functional with touch, and anything that is typing critical, touch is just so slow it is non-productive. I have been using Windows 8 (with Classic Shell installed), and just find all of the touch focused UI annoying. I still think that a convertible device like the Surface Pro might make some sense, and as soon as someone buys one for me, I would be happy to try it out!

    As to the point of the article - Windows 8 is trying to bridge the gap allowing both touch and classic desktop interface. Microsoft is trying to become the all-device OS - since all of my business applications are windows based, this is the only way I can work, so the direction seems to appropriate, it may just take awhile.
    Apr 12 05:13 PM | 2 Likes Like |Link to Comment
  • Intel: PC - A 3-Year Walk In The Wilderness [View article]
    Agree with everything you said!

    I believe that we are in a state of flux, and I am not confident enough to be an early adopter to anything at this point. I thought the Surface Pro was going to be the way to go, but decided to wait until what I already have doesn't do what I want any more. Toshiba R700 laptop, iPad (first version!), iPhone 4S (back is cracked).

    I will need a true laptop for replacement - I really don't need a high-horsepower laptop any more due to ease of remote access to home desktop and work servers, but still need a big enough screen to see (old eyes), a keyboard to type (fat fingers), and most of my "work" is Windows based programs (don't even like calling them "Apps" - Win8 is a downer for me also) and requires mouse control - touch control just doesn't do it.

    The iPad is great for reading and browsing, along with other "entertainment" (not WORK), and was thinking about upgrading, but as long as it still works, I will be waiting for something that will allow drop at least one device.

    I didn't mention the iPhone, because I don't really want to carry an even larger phone - the iPhone 5 would be an upgrade, but even the little bit of size increase makes it harder to carry in my pocket.
    Apr 8 04:26 PM | 2 Likes Like |Link to Comment
  • More on Annaly (NLY) Q4 earnings: Book value of $15.85 down from $16.60 in Q3. Net interest margin of 0.95%, down 7 bps from Q3, down 76 bps from a year ago. Leverage of 6.5X. A trader does the math: 6.5 times 0.95% equals 6.17% sustainable dividend yield before expenses (and hedges). CEO Denahan: "Decisions made by policymakers continue to have exceptional influence on pricing and behavior." Shares -0.1% AH. (PR[View news story]
    Book value is very important - because that is what the liquidation value of the company is - when NLY is trading below book value, then there is no premium in the stock price, and the probability of the stock rising from there is strong. There used to be a premium to book back before the Fed was meddling...
    Feb 7 09:13 AM | Likes Like |Link to Comment
  • More on Annaly (NLY) Q4 earnings: Book value of $15.85 down from $16.60 in Q3. Net interest margin of 0.95%, down 7 bps from Q3, down 76 bps from a year ago. Leverage of 6.5X. A trader does the math: 6.5 times 0.95% equals 6.17% sustainable dividend yield before expenses (and hedges). CEO Denahan: "Decisions made by policymakers continue to have exceptional influence on pricing and behavior." Shares -0.1% AH. (PR[View news story]
    Author quotes "6.17% sustainable dividend yield" - since the dividends are based on Taxable Income, and the financial statements are GAAP based, how did you come up with that statement?

    I agree that the spread is narrowing, and we have a huge political and rising interest rate risk, but the "math" on the sustainable dividend is fuzzy math...
    Feb 6 05:59 PM | Likes Like |Link to Comment
  • What Is Wrong With Intel? [View article]
    Where are these Data Center with ARM powered servers? Granted, I wasn't directly involved, but my company recently set up two Co-Lo data centers, one in US (TX) and one in Canada (Toronto) - never heard any discussion about any possibility of ARM servers, or any SAN storage that would be used by an ARM based server - all Microsoft...
    Jan 21 11:17 AM | 1 Like Like |Link to Comment
  • What Is Wrong With Intel? [View article]
    I get so tired hearing about the death of the PC! I know that my wife and I are not typical, but between work and home, we have 2 "super desktops", 4 desktops, 3 laptops, 2 iPads, and 2 iPhones.

    The iPads are wonderful for instant on email, web searches, reading activities. The iPhones are great for total portability and connectivity.

    But, for any "real computing" we have to have a laptop with us, or head upstairs to the office. The other devices are convenient, but in no way replace the real PC's. I do see some who's only uses are what I listed above related to our iPads to be able to use a tablet only, but that person would either not use a computer at work, never take any work home, or not have any kids needing to do homework or play pc based video games.

    I can see slowing growth, but Intel is priced as if there will be contraction instead of any growth. For my investment I would be happy at this price if they just maintained revenue, continued to reduce cost, and kept paying an increasing dividend.

    This response has been written on my iPad, while having coffee, on my couch using my iPad. I thought more than once how painful it is to type, and almost booted up the laptop to do it...
    Jan 20 10:55 AM | 15 Likes Like |Link to Comment
  • As Insider Buying Spikes, Chimera Could Be Primed For A Takeover [View article]
    The SEC reporting shows them as Acquired, not as and option exercise or award. Not sure where Market Watch is getting the info, other than the SEC filings.
    Dec 31 10:55 AM | Likes Like |Link to Comment
  • Intel's Buybacks Are Not A Gimmick: A Rebuttal [View article]
    Too many quick and easy "numbers" are thrown out and used as if they would be comparable between companies. Enterprise Value, PE, EPS, and Dividend Yield seem to be the most commonly used, and when comparing companies (which is all most people do with the information), it leaves out a great deal.

    Enterprise Value - this is just the current calculation of the number of shares outstanding multiplied by the current stock price. Market sentiment has a lot to do with this calculation, and even more so with sentiment to a particular stock. "The market" no longer believes that INTC is a growth company, so it doesn't get as big a multiple, so the stock price compared to earning (PE) is much lower than it used to be, thereby giving it a lower enterprise value.

    Most of the above list is affected by a share buyback - earnings per share (PE) and dividend yield being the most important - which does make a company making buybacks comparably better than a company not doing buybacks.

    But the biggest metrics that are left out when using these common numbers is debt and cash. Companies like INTC, MSFT, CSCO, and AAPL that have lots of cash, and basically no debt (or so much cash that they could easily pay off the debt) are commonly compared to other companies that have very high debt. To attempt to make them comparable by adjusting for debt and cash is very difficult, so it is not commonly done.

    INTC and MSFT taking on debt at VERY low interest rates, when they already have cash allows them to very cheaply buy-back shares, supporting the stock price and decreasing the shares outstanding, which increases the earnings and dividends available to the other shareholders. Since they can borrow much MUCH cheaper than I can, borrowing for buy-backs is a very good thing to me.

    Looking at a less shareholder friendly company - AAPL - they didn't even pay dividends for many years, and even today it is much lower as a percentage of stock price (which is also too high for most investors to buy very many shares, and should be split!), but they also keep increasing the outstanding shares the stock and options grants to employees and insiders. I have not reviewed the SEC reporting as you did on INTC, but in general I beleive that the Outstanding Share Count chart on AAPL would be the opposite of the one on INTC.
    Dec 31 10:46 AM | 5 Likes Like |Link to Comment
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