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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: chester lee who wrote (4684)11/19/1998 12:04:00 AM
From: Phil(bullrider)  Read Replies (1) of 18998
 
chester,

<<I believe that most people that are in DRIPs reinvest the dividends.>>

If you were talking about IndyMac specifically, and not DRIPs in general, I apologize for interrupting the discussion.

Regarding IndyMac, any company whose bottom line is affected by a DRIP and whether or not a member of the DRIP reinvests dividends, I would consider a prime short candidate. Depending, of course, on the current valuation.

Have fun,
Phil
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