Wunderlich Securities Provides Color on Chimera Invesment Group

Wunderlich Securities provided color on Chimera Investment Group CIM. In a research report published today, Wunderlich commented on the company after its stock price fell sharply. In the report, Wunderlich states, "This week, the shares of Chimera Investment Corp. (CIM-$3.55, Hold) came under pressure, selling off over 8%, but closing the week off 6%. We believe this selling pressure resulted from management's comments and investor realization that home price depreciation puts a significant damper on the company's ability to grow earnings. Moreover, the business of resecuritizing legacy non-agency bonds is in the doldrums." On Friday, Chimera closed the day at $3.55.