A Reason to Avoid Chimera

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On Friday, Chimera announced that it got a four-month extension to remain listed on the New York Stock Exchange. It now has until Jan. 15 to become compliant and file its 2011 10-K. 

Chimera says it will also be restating financials all the way back to 2008.

Over and above any questions about interst rates, dividends, or Chimera's business model, Motley Fool analyst Anand Chokkavelu isn't a fan of investing in companies that aren't up to date on their filings with the Securities and Exchange Commission. He explains in the following video.

Dividend-rich Chimera seems like a dangerous proposition at this point, but The Motley Fool has compiled a special free report outlining nine top dependable dividend-paying stocks. It's called  "Secure Your Future With 9 Rock-Solid Dividend Stocks." You can access your complimentary copy today at no cost! Just click here to discover the winners we've picked.

The article A Reason to Avoid Chimera originally appeared on Fool.com.

Anand Chokkavelu and Andrew Tonner have no positions in the stocks mentioned above. The Motley Fool owns shares of Annaly Capital Management. 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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