Friday, August 5, 2011
ARR 's earnings per share listed at $-.14 today. I had to look on the special charts to find this under company events: earnings and dividends. ARR earnings per share has not been listed in the news even though the earnings date passed. Something is wrong here, Im not risking it with my money. If anyone has any insight on this let me know--leave a message. Usually when these REITs have an earnings announcement they list everything in detail with earnings per share in the news column right on the stock page.Most people would not know to look where I did to find this, to me this kind of looks like the cat's crap hidden in the corner where no-one can see it. It is 4:18 central time and I see nothing listing earnings per share. I sold the remaining ARR I had after hours at $7.35.
I replaced some of the ARR holdings I had with CMO. They are paying out what they make and they have been around longer. They also hold adjustable mortgages which may perform better if interest rates go up. I do not recommend putting all of your funds into any stocks right now, a safe alternative is JASBX a short term bond related mutual fund. You must keep the cash in there for 3 months or you pay $50 fee. Otherwize there is no buy or sell fee.
I tried leaving a comment about the ARR EPS on the Yahoo finance message board for ARR and was immediately deleted. I tried again and couldnt leave a second response to another persons inquiry. There is something going on here! I called Etrade and they agreed something isnt right. He agreed that the earnings were -$.14 and he saw what I wrote here and agreed I am not out of line with my statement.
More insider buys for CIM: http://investor.chimerareit.com/ShowFile.aspx?Output=XML&KeyFile=11568886&Format=XML There are other insider buys as well.Over $500,000 worth total were bought recently. Could it be that CIM is ready to turn around. The net asset value is $3.08, the book value is $3.35. I noticed when ARR and other companies took a nose-dive this morning that CIM barely went down at all.
For more updates about silver and REIT stock see my website at http://www.theyuha-silver.blogspot.com/