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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (4683)	11/18/1998 11:49:00 PM
From: chester lee	Read Replies (1) \| Respond to of 18998

Phil, <<I believe that most people that are in DRIPs reinvest the dividends.>> Regarding DRIPS and IndyMac, I suppose one can track the dilution (from quarter to quarter) and back calculate the maximum amount attributable to DRIPS and Div reinvesting. I suppose the formula would be: average Q to Q share increase divided by either 1. the estimated share price during that period (average for the Q). or 2. the closing stock price on the fist day of the Q. That would give you the dollar amounts going into the DRIP. Take dollar amount and divide by the Q div rate for the number of shares signup for div reinvesting. Divide that number by the float and multiple by 100 to determine the percentage of the float that parcipitates in DRIPS. Assumptions: 1. All share increases are directly attributable to the DRIP and Div reinvesting. There were Zero options related transactions or preferred share conversions. 2. ZERO new money invested, ONLY divs. If you have access to the growth rate of the shares over the Q's, I'll do the calculations. I don't have access to that data. Of course, I could be completely all wrong and you may be right. chester