Chimera Improves But Remains on the Ropeshttp://www.fool.com/investing/general/2013/03/20/chimera-improves-but-remains-on-the-ropes.aspx John Maxfield
March 20, 2013
The ongoing saga involving Chimera Investment (NYSE: CIM) took a turn for the better today after announcing its most recent estimate of book value. However, a separate filing with the Securities and Exchange Commission shows that the high-yielding mortgage real estate investment trust is still on the ropes.
According to a press release it issued today, Chimera's book value continues its upward trajectory. As you can see in the chart below (scroll over the bars for the estimates of book value per share), its GAAP book value came in at $3.42 per share and its economic book value came in at $3.04 per share. On a year-over-year basis, that equates to growth rates of 15% and 7.8%, respectively.
The bad news is that i