In this video, Motley Fool financial analyst Matt Koppenheffer discusses Chimera Investment , and its big problem. The story behind Chimera is that it has come out and said that much of its accounting was unreliable and needed to be redone, which then means the accounting based on the new numbers will need to be redone as well. Normally a stock is delisted from the exchange for something like this, but the New York Stock Exchange has granted Chimera several extensions. Matt highlights the work of his fellow Fool John Maxfield in discussing the risks here, but he also wants to take investors through what he sees as the bull case for the stock.
It's hard to miss the massive double-digit dividend on Chimera Investment, but when investors start to dig in, it's also hard to miss the fact that it's been more than a year since the company has filed audited financials with the SEC. Should you follow the dividend's siren song into Chimera's stock? To help you figure out whether the stock is a buy right now, The Motley Fool has just released a new premium research report on Chimera. Click here now to claim your copy of this must-have investor's resource.
The article The Bull Case for Chimera originally appeared on Fool.com.Fool contributor Matt Koppenheffer and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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