Chimera Investment (CIM)

NolAloha (65.21) Submitted: 2/19/08 7:14 AM : Start Price: $17.68 CIM Score: -43.54

CIM was created by Annaly to take advantage of undervalued securities and assets, as banks make forced sales to shore up their equity structure.. The potential market for CIM is INCREASING as the bond insurers decline, and municipalities find no support for their auction rate bonds. Recent events with PANJ show the potential profitability of this situation. CIM's cost of capital would have allowed it to earn over 100% on an anual basis from this one purchase.

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