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home / news releases / chimera investment discount to book value is attract

CIM - Chimera Investment: Discount To Book Value Is Attractive

Chimera Investment Corporation

2024-05-24 04:38:15 ET

Summary

  • Chimera Investment stock is at a 5-year low, but the discount to book value is too wide, making it a cheap investment opportunity.
  • The company primarily invests in mortgage assets, with a focus on residential loans that have a strong track record of performance.
  • Q1 2024 earnings were mixed, but CIM stock price still underprices the fundamental performance of the business.
  • Shares are a buy with price target of $15.

Investment Thesis

For further details see:

Chimera Investment: Discount To Book Value Is Attractive
Stock Information
Company Name: Chimera Investment Corporation
Stock Symbol: CIM
Market: NYSE
Website: chimerareit.com
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