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Impac Mortgage Holdings Inc. Message Board

simonvis 15 posts  |  Last Activity: Aug 29, 2015 2:36 PM Member since: Dec 29, 2009
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  • simonvis@sbcglobal.net simonvis Aug 29, 2015 2:36 PM Flag

    The commons did a 1 for 10 reverse split and the preferred did not. Just one of the reasons.

    Sentiment: Strong Buy

  • simonvis@sbcglobal.net simonvis Feb 6, 2015 12:51 PM Flag

    I hope we don't lose 2 million, because that would be a .20 loss per share. I think they will actually show a small profit and have something really good to say for 2015.

  • Reply to

    Continued advance

    by rview222 Aug 25, 2014 12:47 PM
    simonvis@sbcglobal.net simonvis Aug 25, 2014 5:13 PM Flag

    It is probably due to the fact that they finally showed a profit, as tiny as it was, and a very good outlook for the 3rd quarter. I am expecting a breakout quarter. Of course, the fact that Mr. Pickup bought another 175,000 shares recently to ad to his enormous holdings has also given people confidence to ad some to their positions. A lack of sellers is starting to help push up share price even on low volume. I hope we cross $7 soon.

    Sentiment: Buy

  • Reply to

    PICKUP

    by mfcloans Jan 29, 2014 7:09 PM
    simonvis@sbcglobal.net simonvis Jan 30, 2014 1:37 PM Flag

    He also bought plenty in the 10's. He was responsible for the run up into the teens. He knows this has big potential and I am following his lead.

    Sentiment: Strong Buy

  • Reply to

    Exclusive agreement

    by saladanna Dec 20, 2013 10:22 AM
    simonvis@sbcglobal.net simonvis Dec 26, 2013 11:07 AM Flag

    they are selling the brick and mortar stores where these people work so they are no longer in IMH work force

  • simonvis@sbcglobal.net simonvis Aug 6, 2013 8:49 AM Flag

    If I remember right, during the last cc they mentioned that April had a record amount of originations in the pipeline since 2010. That and the fact that west coast housing values have been soaring should give us a very nice surprise this quarter. Instead of a write down they may be able to have a slight tick up in values. We will find out after the close.

  • simonvis@sbcglobal.net simonvis Nov 12, 2012 2:35 PM Flag

    That is about $50 to cheap

    Sentiment: Strong Buy

  • simonvis@sbcglobal.net by simonvis Nov 12, 2012 9:31 AM Flag

    It was very painful to see my common shares loose almost all their value and even though they were almost worthless I did not want to see the 1 for 10 split happen. Essentially when the offer was made to buy the preferreds and change the rules governing them it was like a 1 for 10 for those who tendered them.It was very tough medicine to swallow but absolutely neccessary for the very survival of the company. Perhaps bankruptcy, the path that so many competitors took, would have been the way to go but management did not take the easy way out. Perhaps the preferreds will be exchanged for commons when the value of the commons aproximate their historic value of 5 years ago and maybe not. I have been buying thousands of shares since the split thinking that someday the housing market will turn around. Now that it has started to turn around I am being well rewarded for sticking with IMH. Listen to the last CC, commons are able to be paid dividends without paying the old preferreds any dividends first.

    Sentiment: Strong Buy

  • simonvis@sbcglobal.net by simonvis Nov 8, 2012 8:26 AM Flag

    My wife and I own quite a few shares of IMH. Some we have owned from the old days before the reverse 1 for 10 split and we have added thousands more after the split. I owned shares before the real estate bubble burst and remember a few quarters when the divvy was 75 cents per share ($7.50 equivalent now) and the share price in the twenties ( equivalent to over $200 now ) So at $15 per share now, they still only cost $1.50 pre split and management is working hard to bring our company back to the old glory days. Also I don't think I ever want to see IMH taxed as a reit again. Now it needs money to grow and with $500 million in federal and $400 million in state credits to utilize against earnings we can expect healthy retained earnings. At the present low interest rate environment a company such as ours, growing fast, clearing up lawsuits, showing healthy earnings, will be able to secure the necessary funds to continue this path of rapid growth without resorting to doing a secondary. Investors will be rewarded. In time the dividends will start again, but lets grow the company first.

    Sentiment: Strong Buy

  • When IMH did the 1 for 10 reverse stock split it was necessary to remain listed , but now that we are heading toward $20, a 2 for 1 split may be a good idea.We will have a more liquid stock that will be easier to trade on greater volume and at a lower price will attract more investors which will push the stock price back up. When it goes back above $20 again do it one more time. After two 2 for 1 splits IMH will still have only around 32 million shares. At the rate that IMH is growing now this will bring in a greater diversity of investors, including more institutions and will still provide a degree of liquidity.

    Sentiment: Strong Buy

  • simonvis@sbcglobal.net by simonvis Aug 22, 2012 10:26 AM Flag

    Why not give Dexo shareholders all their shares in the new company and increase the number of shares each SPMD shareholder would get to show the 60-40 ownership instead of reversing one for five? Only 17.5 million shares in a much larger company? It doesn't make much sense unless they want to bring the share price up to around $10 post split only to do a secondary of say around 100 million shares and use the resulting $1 billion to pay down perhaps $1.5 billion or more in debt.I prefer they would not go that route but the debt would be eliminated in a far shorter time and we could reasonably expect share prices to appreciate somewhere north of $20 next year.

  • Reply to

    IMH is a Turd in seach of a Flush...

    by aboojigg Nov 19, 2010 4:34 PM
    simonvis@sbcglobal.net simonvis Dec 2, 2010 8:37 AM Flag

    No bank would lend them unrestricted money without being very sure that they would be payed back. I am sure that IMH will pay a lower interest rate on the new loan and will save additional money

  • Reply to

    Whew, made money.

    by stockking55 Aug 16, 2010 4:31 PM
    simonvis@sbcglobal.net simonvis Aug 22, 2010 2:41 PM Flag

    The value of the preferred shares means very little to what the value of this company will be in 2 to 3 years when it will be clicking on all cylinders. We will probably be looking back to this time and say " I wish I had bought more shares then". When asked by a caller a couple of CC's ago what Impac could do to increase liquidity, the CEO answered that stock splits in the future could provide more liquidity as one of the options. Did anyone catch that? Now if that is not optimism I dont know what is. I feel management themselves think they are the right track and so do I. We have been making money in these bad times so how much will we make when times improve as they surely will.

  • Reply to

    I'm certainly puzzled.

    by guia1973 Jul 22, 2010 8:37 PM
    simonvis@sbcglobal.net simonvis Jul 30, 2010 12:09 PM Flag

    Thanks for clarifying the debt issue u-dad. I have been steadily adding to my position because I feel that management is positioning this company for some explosive growth for when the housing markets do finally turn around. If, over the next couple of quarters, the company continues to show improvements in their top and bottom lines, the share price will start to reflect it and then those of us with patience will be rewarded.

  • I believe that with 16 million new shares at .25 Inuvo will finish the year near .30 pps. It will take very little extra money on the open market to push it there. We all know that people like to be vindicated by their decisions, and a few more thousands of dollars will do just that. Once we get it above .30 I believe we wont see the twenties again.

IMH
17.09+0.46(+2.77%)Aug 28 4:02 PMEDT