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Impac Mortgage Holdings Inc. Message Board

aragonsam8 9 posts  |  Last Activity: Feb 10, 2016 1:26 AM Member since: Dec 15, 2008
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  • aragonsam8 by aragonsam8 Feb 10, 2016 1:26 AM Flag

    •Mortgage rates are slipping into territory that should boost refinance activity.
    •At a 10x adjusted P/E multiple, this stock is worth $30.
    •Insiders are buying above the current price.

    Read entire article at Seeking Alpha website /IMH

    Sentiment: Strong Buy

  • Reply to

    Press release

    by rview222 Jan 27, 2016 4:22 PM
    aragonsam8 aragonsam8 Jan 29, 2016 11:39 PM Flag

    Sorry, I meant to say the shares will be added to the outstanding shares but their will be no dilution

    Sentiment: Strong Buy

  • Reply to

    Press release

    by rview222 Jan 27, 2016 4:22 PM
    aragonsam8 aragonsam8 Jan 29, 2016 2:10 PM Flag

    It is the people/companies who bought the Convertible promissory notes. Pickup, his son and a few more. IMH will convert those notes into common shares at a certain price and those who bought the Notes will receive the shares so they will not be added to the outstanding shares (No dilution)

    Sentiment: Strong Buy

  • Reply to

    IMH discloses covenant breach for credit lines

    by snooper131 Jan 14, 2016 11:17 AM
    aragonsam8 aragonsam8 Jan 14, 2016 12:51 PM Flag

    Show link to story snooper31. where is the link??

    Sentiment: Strong Buy

  • aragonsam8 aragonsam8 Jan 14, 2016 12:50 PM Flag

    Mortgage applications shrugged off last week’s decline and jumped 21.3% from one week earlier, according to the Mortgage Bankers Association survey for the week ending Jan. 8.

    It’s important to note that the previous week’s results included an adjustment for the New Year’s holiday.
    The refinance index increased 24% from the previous week, while the seasonally adjusted purchase index increased 18% from one week earlier.

    “MBA’s purchase mortgage application index reached its second-highest level since May 2010 on a seasonally adjusted basis last week, second only to the week prior to the implementation of the Know Before You Owe rules,” said Lynn Fisher, MBA’s vice president of research and economics.
    “Bolstered by strong fourth-quarter growth in jobs and continuing low rates, the results are similar to levels we saw in early December, suggesting that the purchase market’s strong finish to 2015 may be continuing.

    Sentiment: Strong Buy

  • aragonsam8 by aragonsam8 Jan 7, 2016 5:40 PM Flag

    During this correction I see some IMH investors selling and running scared and I see others scooping up those shares they are selling. Yes, great time to buy when shares come available in this tightly held stock.

    Sentiment: Strong Buy

  • aragonsam8 by aragonsam8 Dec 29, 2015 3:01 AM Flag

    This company is transforming from a company that survived the worst mortgage financial crisis in modern history to one that will thrive. This is a company transforming from survive to thrive. This is a paradigm shift. And yes they stopped dividends to survive, this was very prudent. We have seen three profitable quarters and growth. I think in the near future you will see dividends again.

    With the interest rate going up only .25% it won't hurt Refi's that much but anyway the company also stands ready to issue non-QM loans and personal loans on their nationwide platform. Rising interest rates may make this a more attractive proposition. This is especially true for the deal with Macquarie, which would benefit from buying US assets when the dollar is strengthening and there is an attractive rate divergence. Forecasts for non-QM loan production actually increase as rates rise.

    Short sellers have about 60 trading sessions to cover their loan of 1,300,000 shares. They only need to buy 20,000 shares per day to exit this position.
    If they start now, they could avoid a disastrous short squeeze. At the moment, there may not be enough shares available for these shorts to cover, that is why IMH issued more shares but at their price, so maybe the shorts can exit at about $20 or more :-)).
    IMPAC has been surprising with unexpected good news lately and a significant announcement would really hurt short sellers.

    Sentiment: Strong Buy

  • aragonsam8 by aragonsam8 Dec 3, 2015 5:56 PM Flag

    On December 3, 2015, Impac Mortgage Holdings, Inc. (the "Company") entered into an Equity Distribution Agreement and a Controlled Equity OfferingSM Sales Agreement (collectively referred to as the "Agreements") with JMP Securities LLC and Cantor Fitzgerald & Co., respectively (each referred to as an "Agent" and collectively as the "Agents"). Pursuant to the Agreements, the Company may offer and sell up to $25,000,000 of shares of its common stock (the "Shares"), from time to time through the Agents.

    The sales, if any, of the Shares under the Agreements will be made in "at the market" offerings as defined in Rule 415 of the Securities Act of 1933, as amended (the "Securities Act"), including sales made directly on the NYSE MKT, on any other existing trading market for the Shares or to or through a market maker or other transactions at market prices prevailing at the time of the sale, at prices related to the prevailing market prices or at negotiated prices. The Company intends to use the proceeds raised through any "at the market" sales for general corporate purposes, including working capital, capital expenditures and other general and administrative purposes.

    Each time the Company wishes to offer and sell Shares under each Agreement, it will notify an Agent of the number of shares to be issued, the dates on which such sales are anticipated to be made, any minimum price below which sales may not be made and other sales parameters as we deem appropriate. Once the Company has so instructed an Agent, unless the Agent declines to accept the terms of the notice, the Agent has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of the Agents under the Agreements to sell the Shares are subject to a number of conditions that the Company must meet. The Company may only instruct one Agent to issue and sell Shares under the applicable Agreement on any single given day.

    The Shares sold in the offering will be issued pursuant to the Company's effective shelf registration statement on Form S-3 (Registration No. 333-204513) previously filed with the Securities and Exchange Commission (the "SEC"), in accordance with the provisions of the Securities Act, as supplemented by a prospectus supplement dated December 3, 2015, which the Company filed with the SEC pursuant to Rule 424(b)(5) under the Securities Act.

    The Company will pay each Agent commissions for its services in acting as agents in the sale of the Shares. The Agents will be entitled to compensation of up to 2.0% of the gross sales price per share of common stock sold under the applicable Agreement. The Company also agreed to reimburse the Agents for certain specified expenses incurred in connection with entering into the Agreements, including the fees and disbursements of their legal counsel, in an amount not to exceed $50,000. The Agreements contain customary representations, warranties and agreements of the Company and the Agents and customary conditions to completing future sale transactions, indemnification rights and obligations of the parties and termination provisions.

    The offering of Shares pursuant to each Agreement will terminate upon the earlier of (1) the sale of all common stock subject to the applicable Agreement, by either of the Agents or (2) termination of such Agreement by the applicable Agent or the Company, as permitted therein. The Company and each Agent may each terminate the applicable Agreement at any time upon ten days' advance notice.

    This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any Shares, nor shall there be any sale of the Shares in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    The Agreements are filed as Exhibits 1.1 and 1.2 to this Current Report on Form 8-K and are incorporated herein by reference. The foregoing description of the Agreements and the transactions contemplated thereby is qualified in its entirety by reference to Exhibits 1.1 and 1.2.

    Sentiment: Strong Buy

  • aragonsam8 by aragonsam8 Nov 30, 2015 4:12 PM Flag

    - Impac Mortgage Holdings Inc.'s stock advanced 3.23% to close Friday's session at USD 18.21. The share price vacillated between USD 17.61 and USD 18.34 during the day. The stock recorded a trading volume of 0.02 million shares, which was below its 50-day daily average volume of 0.07 million shares and below its 52-week average volume of 0.10 million shares. Over the last three days Impac Mortgage Holdings Inc.'s shares have advanced 0.94% and in the past one week it has moved up 5.14%. Moreover, in the last six months, the stock has gained 4.96% and year to date, the shares have picked up 193.71%. Further, the company is trading at a price to earnings ratio of 2.97 and the stock is at a price to book ratio of 1.76. Additionally, the stock is trading at a price to sales ratio of 1.28.

    Sentiment: Strong Buy

13.81-0.33(-2.33%)Feb 11 4:02 PMEST