Wow, shorts(people shorting this stock) is way down to 51K. They finally see that this stock is still positive every quarter even with paying Cashcall big money every quarter since purchase. 2 more qtrs. to go and IMH will finish payments on purchase of CashCall and will bring in big bucks.
Horrible earnings report. Throw the bums out. Time for a management change.
Pretty good earnings and fwd looking statements by Prez...
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Analysts See $1.16 EPS for Stamps.com Inc. (STMP), Impac Mortgage Holdings (IMH) Sentiment Is 2.86
New Board member Tom Akins owns a ton of NOVCQ personally and via Talkot Capital 4.5M shrs of NOVCQ leaves Ch 11 which saved Sub Prime Novastar Financial Brand. Wonder whats up?
Fortress FIG Wes Edens, CoB use to own 25% of IMH and I believe has a strong desire for 3rd leg of subprime stool Non QM market. Wes owns 73M shrs of OMF (subprime personal + Car Loans that garnered him NEW SUB PRIME KING by WSJ). He maybe gunning for NOVCQ or IMH??
So, what happened to that acquisition Joe mentioned on the 4th qtr cc? Looks to me like it fell apart. I wonder if that's one reason why Joe wasn't on the 1st qtr cc. He just can't keep his mouth shut.
I still think we'll have a good year and the stock price will increase in the 2nd half. Until then zzzzzzzz.
Has it occurred to anyone that this exchange may not be for all preferred holders. It's possible that only a group of LARGE PDF holders who have been lobbying the company with an exchange proposition for the past two years or so. WE, my friends, may be screwed yet again. My calls to the company have all been unanswered. This announcement did not come across as good news for the company or its preferred holders. Your input is greatly appreciated. Bruce
What on earth is a "trust preferred exchange"? anyone? IMH has been on a tear but I may take a bit off the table. IMH manages the mortgage business about as well as anyone, but it is a real choppy space to invest long term in.
Thoughts on earnings? Anyone?
Whisper is out???
Looks like a tiny, tiny short squeeze maybe. Some shorts bailing out? Thoughts