By that, I mean I try to apply a cross-sectional view towards my adds (accumulation broken down into individual transactions). And in the end, each completed buy order goes through the brokerage's milling machine only to spit up my cost basis reflecting it all.
Say I have 500 shares of CIM at a CB of $14. I add more and then more again at prices beneath the original $14, bringing my CVB down to $8 or $10 or whatever. Viewed through the peephole established by my original purchase I've done well, right? But hold on---if viewed on the averaged (revised) cost basis, my overall basis may be down to $11. What makes that good?
I can look at that now and say it's good because it reflects a gain/share. Or it may be the other way around and not represent a gain. However.............
I didn't buy it thinking I was going to gain on the appreciation side. No, I wanted income. So I toss aside any and all considerations about appreciation and focus only on the dividends and their sustainability. And thus I'm free of concern if the price drops.
There are many opportunities out there for us to capitalize on appreciation gains. I don't see CIM as one of them. But if you do, then I'd like to hear more about it from you.
Recent CIM News
- Chimera Investment Corporation Announces Closing of Public Offering of $74.75 Million Senior Notes • Business Wire • 08/19/2024 08:13:00 PM
- Chimera Investment Corporation Announces Pricing of Public Offering of Senior Notes • Business Wire • 08/12/2024 09:06:00 PM
- Chimera Declares Third Quarter 2024 Preferred Stock Dividends • Business Wire • 08/07/2024 10:45:00 AM
- CHIMERA INVESTMENT CORPORATION REPORTS 2ND QUARTER 2024 EARNINGS • Business Wire • 08/07/2024 10:45:00 AM
- Chimera Investment Corporation Sponsors Residential Mortgage Loan Securitization • Business Wire • 07/30/2024 08:30:00 PM
- Chimera Investment Corporation Announces Date of Second Quarter 2024 Financial Results and Conference Call • Business Wire • 07/25/2024 08:30:00 PM
- Chimera Increases Second Quarter 2024 Common Stock Dividends to $0.35 • Business Wire • 06/13/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 08:16:07 PM
- Chimera Investment Corporation Announces Closing of Public Offering of $65 Million Senior Notes • Business Wire • 05/22/2024 08:15:00 PM
- Form CERT - Certification by an exchange approving securities for listing • Edgar (US Regulatory) • 05/22/2024 12:59:12 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 05/22/2024 12:39:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 09:15:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:31:01 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/16/2024 08:22:32 PM
- Chimera Investment Corporation Announces Pricing of Public Offering of Senior Notes • Business Wire • 05/15/2024 09:15:00 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 05/15/2024 09:02:55 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/15/2024 01:42:06 PM
- Chimera Investment Corporation Announces 1-for-3 Reverse Stock Split • Business Wire • 05/10/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:28:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:45:26 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:45:22 AM
- Chimera Declares Second Quarter 2024 Preferred Stock Dividends • Business Wire • 05/09/2024 10:45:00 AM
- CHIMERA INVESTMENT CORPORATION REPORTS 1ST QUARTER 2024 EARNINGS • Business Wire • 05/09/2024 10:45:00 AM
- Chimera Investment Corporation Announces Date of First Quarter 2024 Financial Results and Conference Call • Business Wire • 04/24/2024 08:15:00 PM
- Chimera Declares First Quarter 2024 Common Stock Dividends • Business Wire • 03/28/2024 08:30:00 PM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM