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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: gringodoc who wrote (4679)11/18/1998 8:20:00 PM
From: chester lee  Read Replies (1) of 18998
 
gringodoc,

RE:Indymac

I don't know much about DRIP plans. From reading the issued statement, I would guess that the DRIP shares are issued from the company, and that the company pockets all the money. It's kind of like a slow everlasting shelf registration. The dilution would be small, because I don't think a lot of people reinvest their divs.

With their cash flow problem though, A dividend cut is definitely around the corner.

PS. I'm not short or long this stock. Just merely spouting off an opinion.

chester
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