Why The Bears May Be Wrong About Chimera, Annaly

By Takeover Analyst:In an earlier controversial article here, I argued that Annaly Capital (NLY) and Chimera (CIM), related firms, were just too good to be true.

By Takeover Analyst:After the subprime mortgage crisis, many investors are naturally wary of real estate investments. But with staggering dividend yields and low PE multiples, investors should not be so quick to pass off REITs and other financials.

By Zvi Bar:On Thursday, November 10, 2011, Chimera Investment Corporation (CIM) filed with the SEC that it would not be able to file its 10-K quarterly report for the third quarter within the prescribed time period.

By Mel Daris:Recently, Jim Cramer expressed his view that Annaly (NLY) was superior to Chimera (CIM) as a levered mortgage real estate investment trust (REIT) investment.

By Takeover Analyst:Chimera Investment (CIM) and Annaly Capital (NLY) both are rated poorly on the Street.

By Parsimony Investment Research:We have hightlighted the risks of owning Chimera Investment Corp. (CIM) in previous articles, and we believe that investors should remain extremely cautious about the stock.

By Parsimony Investment Research:In general, we are still bullish on mortgage real estate investment trusts (“mREITs”), particularly agency-focused mREITs. We think the current economic and interest rate picture is positive for mREITs. A weak economy is actually a good environment for mREITs, which benefit from low interest rates and a steep yield curve.

By Zvi Bar: Annaly Capital (NLY), the largest mortgage REIT (mREIT), released its earnings report for the third quarter of 2011.