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Non-Tech : Impac Mortgage Holdings (IMH) Buying A Bank! -- Ignore unavailable to you. Want to Upgrade?

To: Larry Gomberg who wrote (3)	2/13/1999 6:52:00 PM
From: chalu2	Respond to of 5

I've found that 99% of the time these vague tips turn out to be wrong. There's no indication of unusual volume to indicate a big buyer out there. Also, the float is so thin that any heavy buying would push the stock way, way up--it's a been up a little lately, but not a lot. Frankly, I don't know what it has that would be attractive to a big buyer; there are lots of companies in this same boat, and none has lately been bought. I'd triple-check this "tip" if I were you. Could be a trap for the unwary. Of course, none of this means the company won't eventually go up in value--if I didn't think it would, I wouldn't have started this thread. I just think at this point this is very speculative; not something on which to "bet all your marbles." Good luck.

To: Larry Gomberg who wrote (3)	3/13/2005 6:37:38 PM
From: blankmind	Respond to of 5

Anyone still following IMH? - IMH came out with great 2004 earnings; looks to be able to sustain the quarterly .75/div per share; is growing the asset base; and above all - is only 2 1/2 wks away from declaring the next dividend. If we haven't had an earnings warning by now, I doubt we'll get one before 3/29/05 - the div declaration date. From all appearances, the sell-off appears overdone. There's no guarantees. But at $18.09 and paying $3/annually, I argue patience is key.