Chimera Investment Corp. (CIM)

20.02
NYSE : Finance
Prev Close 19.88
Day Low/High 19.90 / 20.17
52 Wk Low/High 16.88 / 19.98
Avg Volume 1.31M
Exchange NYSE
Shares Outstanding 187.16M
Market Cap 3.72B
EPS 2.00
Div & Yield 2.00 (10.08%)

Latest News

It's Not Easy Being a Contrarian

It's Not Easy Being a Contrarian

When everyone is piling into a hot stock, try to find the hidden gems.

Mortgage REITs Are Rolling Right Along

Mortgage REITs Are Rolling Right Along

Era of volatility appears to have passed.

Have Faith in Mortgage REITs

Have Faith in Mortgage REITs

Never mind what happened in 2013; they're the best options available for retail investors.

Academic Research Reveals Strong Stocks

Academic Research Reveals Strong Stocks

Value 40 Fund combines criteria to find potential winners.

Mortgage REITs Remain Great Income Vehicles

There's no rational reason for mortgage REITs to have declined this much.

Mortgage REITs Keep Plugging Away

As housing pattern repeats itself, there are still investment options.

REITs Are Still Good Bets

But Investors should keep an eye on 10-year treasury yield.

REITs Remain Investment Vehicles

If you own them for income, keep them. 

Mortgage REIT Review Redux

Time to revisit a group that's scared investors lately.

Time to Discuss Mortgage REITs Again

There is renewed interest about the Fed preparing to normalize interest rates.

Chasing Yield Off the Beaten Path

Many ETFs and ETNs can offer tactical opportunities.

Mortgage REITs Producing Huge Income

The fear of steadily-rising rates seems to have passed.

Hold Your Shorts for the Resuming Slide

Hold Your Shorts for the Resuming Slide

The rally, while no surprise, does not appear to be maintainable.

ABCs of Real Estate Investment Trusts

The volatility of their prices does not indicate risk to their income streams.

Time to Sell Chimera

We are in wrong stage of the rate cycle to own it. On Chimera (CIM), I would respectfully disgaree with Lee, and I would sell if I were long. Crappy business and the wrong stage of the rate cycle to own it, imho.

Chimera Offering

2.4 million shares were put up by Goldman for $2.94 a share. Goldman Sachs puts up 2.4 milion shares of Chimera (CIM) at $2.94 an old favorite but no longer.

Morning Musings

Here is a list of items that I'm thinking about as the day get under way. Below are some items worth noting: Barclays' Barry Knapp moves from bear to bull, setting a new year-end S&P 500 target of 1800. As mentioned by Paul "The" Price "Is Right" on...

Mortgage REITS Look Like Trouble

The mortgage-backed securities market is getting creamed. The mortgage-backed securities market is getting ripped a new one over the last week. Avoid mortgage REITs for now. As I have posted, I am out of Chimera Investment (CIM).

On Chimera

Again, I am out of the name. I have gotten a lot of emails regarding Chimera (CIM). As I recently posted, I am no longer long the name.

That Was the Week That Was

Let's review. My look back at the week's daily diary highlights borrows its title from a popular 1960s BBC comedy show hosted by David Frost. On Monday, I started the week by reshorting Yahoo! (YHOO) (after the company agreed to buy back 40 million ...

Out of Chimera

I am completely out of this position. Housekeeping item: I am out of Chimera (CIM) now.

Early-Morning Market Look

Let's take a peek at the price action overnight and in the early morning in the more important asset classes. The rundown: S&P futures down 9 handles; Nikkei down 1.15%; European markets down -- a lot of earnings disappointments overnight, including...

More About the MBS Mess

The deterioration in mortgage REITS has been extraordinary. The carnage in the mortgage-backed securities market was vividly displayed in Hatteras' (HTS) earnings report today. I have been reducing my Chimera (CIM) long at $3 (or better), and I plan...

Selling More Chimera

I am further paring back this long position. In light of the climb in the 10-year yield, to 2.60%, I am paring back my Chimera (CIM) further.

Shorter Still

I cut back my Chimera long and shorted more IWM. I further expanded my net short exposure by cutting back on my Chimera (CIM) long and shorting more iShares Russell 2000 Index Fund (IWM).

That Was the Week That Was

Let's review. My look back at the week's daily diary highlights borrows its title from a popular 1960s BBC comedy show hosted by David Frost. I started Monday with the observation that I saw a large buyer in Monitise (MONI.L). (Indeed the shares app...

Chimera Update

Taking some of my position off. Chimera Investment (CIM), as I thought a few days ago, has now climbed over $3 a share and I am taking some of my position off. The reason is several fold. Firstly, interest rates are going back up as the Fed is begin...

Chimera Confidential

We have some notes from a presentation at VALUEx Vail. Here is everything you might want to know about Chimera (CIM) from a presentation made at the VALUEx Vail conference recently.