Chimera Investment: 30% Discount To Book With A 13% Yield

2026-03-04 11:05:06 ET

My thesis

Chimera Investment Corporation ( CIM ) is currently trading around the $13.60 range, which is drastically lower than its reported $19.70 book value of 2025 Q4 . The market values this stock with 30% discount, which historically signals either a huge buying opportunity or a fundamental doubt on asset quality. For comparison, the sector median usually fluctuates between 0.9x and 1.0x book value, so CIM's valuation at a 0.69x level shows extreme pessimism....

Read the full article on Seeking Alpha

For further details see: