Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Cube who wrote (3590)	10/6/1998 12:53:00 PM
From: Kip518	of 18998

IndyMac Mortgage Holdings (NYSE: NDE) tumbled $5 3/4 to $10 1/4 as Fitch IBCA placed the mortgage real estate investment trust's credit ratings on RatingAlert negative, indicating that they could be lowered. Fitch IBCA voiced concerns about the current funding environment for IndyMac due to its reliance on short-term collateralized funding, and said that IndyMac recently has received margin calls against its secured lines, which have weakened its available financial resources. From: MF Market Movers Down

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