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Impac Mortgage Holdings Inc. Message Board

  • roamingmann roamingmann Nov 1, 2012 3:27 PM Flag

    Notes from the CC

    This is an FYI posting.

    They will not become a REIT anytime soon. They have about $500 million carry forward losses. If they become a REIT, they can't use the losses.

    They are not going to pay a divy anytime soon. They will reinvest the capital in the company. Earnings will go up, and share price will follow.

    The litigation settlement does not end all lawsuits. However, I got the impression the remaining lawsuits are manageable.

    They didn't give any forward guidance, but Joe sounded very optimistic.

    Sentiment: Strong Buy

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    • also mentioned was the fact that they could pay a dividend on the common if they wanted to , the preferred holders voted away their rights a few years back !
      also it seems the cc was well received by the street as the stock ran all afternoon !

      Sentiment: Strong Buy

 
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