Believe it or not!
they are buying tons of shares...The positive surprise is always wanted by everyone!
Then, deliver the machine much earlier than the announced schedule, end of 2016!
SALT LAKE CITY--(BUSINESS WIRE)--
Security National Financial Corporation (SNFC) (SNFCA) announced financial results for the quarter ended March 31, 2015.
For the three months ended March 31, 2015, SNFC’s pre-tax earnings from operations increased 1,706% from $166,000 in 2014 to $2,998,000 in 2015, on a 42% increase in revenues to $64,049,000. After tax earnings increased 1,241% from $139,000 in 2014 to $1,864,000 in 2015.
Scott Quist, Chairman of the Board, President and Chief Executive Officer of the Company, said: “We are very pleased with the performance of our Company this past quarter. In our Life Insurance Segment, earnings improved 5.5% on a revenue improvement of 13.6%. First year premium growth remained strong through the first quarter, but death claims increased and investment results moderated in comparison to 2014.
In our Cemetery and Mortuary Segment, the management changes that have been implemented over the last 5 months have begun to bear fruit. EBITD increased from $461,000 (15% of net revenue) in 1st quarter 2014, to $627,000 (21% of net revenue) in 2015. This represents the best operating income for this segment for at least the past 10 years. The improvement resulted from an increased case count at our cemetery locations and better expense control in our sales efforts. Preneed sales volumes and mortuary results were essentially flat as compared to the prior year; thus we believe there is ample room for additional income growth.
Year-to-date Mortgage Segment income is significantly greater than last year, improving from a loss in 1st quarter 2014 to a profit of nearly $1.2 million in 2015. Significantly, our mortgage origination volume for the quarter increased 74% over the prior year. Further, in addition to benefitting from an industrywide increase in refinance volumes, the Mortgage Segment also experienced an increase in its core purchase-loan originations, where it focuses most its marketing efforts, of slightly over 22%.
The hedge funds have lots of Chinese immigrant money. These billionaire immigrant live near Arcadia, CA and they own lots of land and properties in Arcadia area. They made fortune from the manufacturing boom in China from 1980 to 2010. They have moved their software, real estate, and hardware R&D division and 80% asset into USA in last 10 years! What they left in China is just an empty shell!
James Sung is one renowned billionaire in Los Angeles and he made fortune from real estate investment. IMH is one of his investment interest! He ran for Taiwan president in 2012 and carved out 4% votes!
IRVINE, Calif.--(BUSINESS WIRE)--Impac Mortgage Holdings, Inc. (NYSE MKT: IMH) (“Impac” or the “Company”), is pleased to announce its subsidiary, Impac Mortgage Corp., has signed a definitive agreement to acquire the mortgage operations of CashCall, Inc. (“CashCall”). In 2013, CashCall’s mortgage division was ranked by the Mortgage Bankers Association as the 31st largest residential mortgage originator with approximately $6.5 billion in total originations. In the fourth quarter of 2014, CashCall’s mortgage division volume was approximately $800 million and is expected to add significant retail direct origination volume to the Impac Mortgage Corp. platform beginning in 2015. CashCall’s mortgage operations will operate as a separate division of Impac Mortgage Corp. under the name CashCall Mortgage.
The Company considers the acquisition to be a major strategic accomplishment for Impac Mortgage Holdings, Inc. as it adds a centralized retail call center to Impac Mortgage Corp.’s current business to business origination channels. With this acquisition, Impac Mortgage Corp. is expected to be a top ranked nationwide mortgage originator, offering a full spectrum of loan products including agency conventional, non-agency, prime jumbo and non-qualified mortgages.
CashCall Mortgage’s operations are a centralized retail call center where loan applications are received and taken by loan agents directly from consumers and through the internet. The transaction is structured as a purchase of certain of the assets of CashCall, including CashCall Mortgage’s call center and lead management technology, integrated with its highly customized loan origination system. CashCall Mortgage is expected to operate in the same facility as today with the current employees to be hired by Impac Mortgage Corp. Impac believes that the centralized call center operations, combined with this technology, makes CashCall Mortgage a scalable retail origination platform that is able to close loans faster t
He and the other 50 billionaires from China are shopping around now! They toured Irvine not long ago! IMH was one of the companies visited!
could also be on the shopping list..."
Great vision from COKE and Berkshire Heatherway.
He does not know the money invested on this stock is needed for some cancer patients! If he is in their shoes and losing money while dying of cancer... The brutal tactics is deadly wrong! God will track down the short sellers and they will get the cancers as well.
He is trying to push the stock price lower without considering something! Warren Buffett may need to intervene now!
Actions will come soon!
The breakout is pending now!
The cancer drug maker has ramped up the production of several drugs!
It should rebound to $20/s soon!
It deserve big run-up for "REPH", cancer drug maker, as well!
The manufacturing pipeline is pumping out cancer drug for $50 to $120 per piece profitable drugs now!
The booking is $120 millions now!
the quarterly revenue for "REPH" will be great!
It is totally unbelievable!