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To: KyrosL who wrote (109072)7/10/2012 1:05:26 PM
From: straight lifeRead Replies (1) | Respond to of 118717
 
In re: CIM... I'm curious; steadily dwindling dividends (.18, .17, .14, .13, .11, and, most recently .09)
and a steadily dwindling stock price since early 2011... what is it you like about them?
Just the discount to the NAV? Just for a quick trade? Thanks.



To: KyrosL who wrote (109072)7/10/2012 1:06:10 PM
From: MoneyPennyRead Replies (1) | Respond to of 118717
 
great idea. I owned Chimera (what a name) for a while and consolidated my Mreits with AGNC and MFA. I only hold AGNC. I'll definitely check this out.

They use the mythic monster in their logo.

Edit: looked at my sell notes...they have a lot of non-agency paper as AGNC does not. This makes them much riskier and they are not paying that much more than AGNC. Still will look at it.



To: KyrosL who wrote (109072)7/10/2012 8:46:42 PM
From: ElroyRead Replies (1) | Respond to of 118717
 
I bought CIM a long time ago in the $4s. :-( It will be a great trade some time, but it's hard to tell when with these accounting plagued stocks. I would recommend IVR over CIM for speculative mREIT investors. IVR has turned the corner on it's problem (declining book value due to poor swap investing).