From the 8K:
"The purchase price is currently estimated to be $140.7 million including (i) $10.0 million in cash, $5 million paid in the first quarter and $5 million to be paid over twelve months following the effective date of the acquisition, (ii) $6.2 million in IMH stock issued at closing on March 31, 2015 and (iii) $124.6 million estimated in contingent consideration including a three-year period earn-out provision...The earn-out percentages beginning on the effective date (January 2, 2015) are 100% of pre-tax net earnings of CCM for January and February of 2015, 65% for the next 10 months of 2015, 55% for the second year and 45% for the third year. "
I hope it was worth it. It' looks like we don't make much from CC this year. How are we going to make money, on the DTA? Increased originations? Market penetration of current products (Alt QM, etc.)? All the above?
Anyone remember the current value of the DTAs?
Don't worry, there won't be a buyout. It's just pumper drug dealers on this message board trying to addict others on hopium.
Agreed. Maybe they're reserving the capital for future acquisitions. I still think we can expect more divy increases this year. The cash flow is impressive.
If we don't get that divy increase for this qtr's payout, that could explain why the stock has been going down these last 4 trading days.
Maybe. I give it's a better than 50-50 chance that they will increase the divy. We have received 49 cents for four qtrs now. I think it's time for that increase. Plus, RMR now receives stock as part of their fee. So, there's another reason to pay a bigger divy. However, I don't think it will be 54 cents, maybe 51-52.
He never liked SWIR, he recommended SWKS. If you compare the two, SWKS outperforms SWIR by a huge margin. So, the big question is: Should I dump my SWIR shares and buy SWKS, or is it too late?
Oh yeah, what's the catalyst? Earnings? New products? New customers?
The CEO mentioned on the last cc, that the next earnings' increase will be small. Maybe a new product announcement. But that doesn't move the needle much. And the company never announces new customers. So, again, what will be the catalyst?
Why? What's your "prediction" for earnings in each quarter? What's your "prediction" for originations or revenues? Please backup your prediction with some analysis.
Goldilocks weather. Not warm enough to turn on the air conditioner, and not cold enough to turn on the heater.
Earlier today, IMH issued a press release stating the following:
"Impac Mortgage Holdings, Inc. (NYSE MKT: IMH), announces the scheduling of a conference call and live webcast on Wednesday, April 1st, 2015 at 9:00 a.m. P.T. (12:00 p.m. E.T.). We will discuss our year end 2014 financial results, which are expected to be released today after the close of market."
According to the PR, they're releasing earnings today, but the conference call is not scheduled until next week on 4/1/15. I have never seen that before, have you?
They announce earnings today (3/24/15) and hold a conference call a week later on 4/1/15. Why would they do that? Do they want to avoid any questions? Is someone on vacation?
I think Wolfson should be out, Out, OUT. No, wait a minute, he should be IN PRISON. The man is totally incompetent and so is his entire management. He's running a scam.
And no, I'm not short, I'm a stupid long looking at a huge loss. I am so sick of this guy.
Why should earnings increase? Are you saying that because it's cold electricity usage will be up? How many homes are heated by electricity versus nat gas or heating oil? I just don't understand your comment. Could you please expound on it?
Good comment. Agree with much of it.
Here are the reasons why I think the stock is down (source: conference call):
1) the supply chain issues. this increased the cost of goods, and it will carry over into this qtr. will it get resolved this qtr?
2) the guidance was for 10-15% growth. too conservative. that's not enough for a high flyer.
3) the strong dollar. currency exchange is a big concern
4) based on the above points, the market valuation is too high
So, is there a management confidence issue at this point?
IMHO, the company will report a 4th qtr loss. Two to four million loss. Reasons: 1) 4th qtr is the slowest qtr, and 2) increased expenses to deal with Cash Call purchase.
However, it's the guidance that we move the stock price. Let's hope it's positive.