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Strategies & Market Trends : The Aristocrats (tm) -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (4454)	3/29/2024 3:35:04 PM
From: sense	Respond to of 5935

Note that IMPP has doubled since last year... but still mostly just moving sideways since January. Yahoo shows it earning $2.93 on the year, with a P/E of 1.07... its trading at $3.13ish... but, it has no dividend ? Quarterly, reports revenues are down 21% and earnings down 53%... but, they have a huge pile of cash... so no obvious risks tied to the market price wobbles... in the short term, at least. They also have an 8.25% Series A Preferred... IMPPP... which sports a yield of 9%... only 795,878 shares out... which took a whack after hours, dropping to $22... maybe after the $0.54 divvie got paid ? I see zero risk to the divvie... which totaled a whopping $435,245... out of $124 million in cash, with no debt... But, the Yahoo page on IMPPP shows the TTM earnings as... -$0.39 ??? Are you following both ? Just curious what your take on the preferred might be...