A Reason to Avoid Chimera

Anand Chokkavelu
Anand Chokkavelu, CFA
Sep 17, 2012 at 12:00AM

On Friday, Chimera announced that it got a four-month extension to remain listed on the New York Stock Exchange. It now has until Jan. 15 to become compliant and file its 2011 10-K. 

Chimera says it will also be restating financials all the way back to 2008.

Over and above any questions about interst rates, dividends, or Chimera's business model, Motley Fool analyst Anand Chokkavelu isn't a fan of investing in companies that aren't up to date on their filings with the Securities and Exchange Commission. He explains in the following video.

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