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Walter Investment Management Corp. Message Board

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  • spinoffdude spinoffdude May 7, 2010 2:43 PM Flag

    Start to look at this one

     

    Taxable earnings is more than the $.30. For instance the loan loss reserve accruals are not tax deductible, only actual losses are.

    Mgt is obviously counting on increased earnings as the $75M cash is deployed into mortgages.

    FYE GAAP earnings will probably be under $2.00, but taxable earnings should be around that figure provided new mortgages are bought, although a small return of capital may be involved if there are delays in purchasing new distressed mortgages.

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