CIM’s 1-year forward P/E multiple has halved over the last 12 months, from ~18.5x around 12 months ago, to ~9x at present. It is also well below the long-term average of ~16x. Notwithstanding that the shares now appear to be in ‘value’ territory
CIM Price at posting:
$17.40 Sentiment: Buy Disclosure: Not Held
