Good evening, and welcome to yet another edition of The FoxForceJournal.
Our featured stock is Chimera Investment (ticker CIM), picked by my favourite and yours- TMFUltralong, with a start price of $2.28.
(from the website)
A message from our President and CEO:
The operating principle behind our company is to capitalize on the experience our Manager has in the mortgage and finance markets to evaluate and purchase assets we believe will allow us to deliver returns to our shareholders. This is accomplished through extensive due diligence, smart asset selection, patience and adjusting our strategy to changing market conditions.
Our cost structure is kept low by utilizing employees and infrastructure of our Manager and by paying an incentive fee to our manager only after a specific threshold is met. In our conference calls, public releases and commentaries on our website, we convey what we think, not what is popular. I believe this is an important component of our strategy and one that our investors appreciate.
I believe we have to earn the trust of our investors, never taking their trust for granted. As Chimera's senior manager, I am responsible for all of the company's activities. To that end, please review the attached charters and guidelines. They govern our company, our Board, our Board committees, our employees and our Manager to help keep Chimera accountable to its shareholders.
Chief Executive Officer, President and Director
If UL had bought $1,000 at $2.28 thats 439 shares worth aproximately $1,361 now.
Scruffys 40,000 shares bought for $91,200, are worth $124,000
One has to wonder about the hang up in delivering the 2011 10-K. If they don't get it done by March 15th the stock is headed to the pinks. Also management seems quite intrabred, (geez all they're missing is their cousin Vinny).No new divi either, I suppose that if it goes that far Annaly would just absorb them.-
It was announced this week that Estavayer-le-Lac will host the Alpine Games Festival (or SchwingFest) in 2016. Included in the sports are stone throwing, traditional Swiss martial arts called schwinger, and a strange game called hornussen. One of the prizes you can win at this festival is a young bull.
Over the past year, the citizens of New Zealand have been pushing to make sheep shearing an Olympic sport. While they may not succeed in doing that, they do have their own championship called the Golden Shears. The 2012 World Sheep Shearing Competition will continue throughout this week and has a grand prize of $2,500.
Boston Bruins goaltender Tim Thomas is sadden by his team's recent loss to the New York Rangers. When speaking to the Wall Street Journal about the contributing factors to the poor performance at Madison Square Gardens, Thomas blamed all of the lighting and glare.
He is quoted as saying, "Everything was a screen or a weird, goofy bounce or what have you ... There may have been a few thrown in there, don't get me wrong, but it wasn't a normal game for a goaltender."
(all stories taken from Yahoo)
WHOOOHOOOOOOO! Hawks beat the Avalance 3-2 to extend the unbeaten streak to 24 games:)
Thank you all for reading the latest edition of The FoxForceJournal.