Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (20932)	3/23/2005 11:53:40 PM
From: blankmind	Read Replies (1) \| Respond to of 78565

I'm taking positions in 2 mortgage reits - the analysts are saying they're going to tank due to the Fed hikes - but the companies themselves are saying they're going to continue turning out profits & dividends - these are risky - but i think worth it - here goes: #1 - (IMH) Impac Mortgage - - they're behind on their Sarbanes & 10-K filings - but they're saying they're going to file unaudited 10K - won't effect their dividen payments - etc... I believe them. They pay $3 annual dividend - stock @ $16.11 - range: $16 - $27.91 #2 - NEW - New Century Financial Corp - $32.90 book value - dividends expected to rise from the current $6.20/share level - $9 eps projected in '05 - · goal is to eventually distribute 100% of the reit’s taxable income - earned $8.29 in ’04 vs. $6.32 in ‘03 - confident they can increase dividends in future periods - at $44.06/share - i think the selling is way overdone