Here's the IMH press release. It was a horrible quarter, missed estimates by a mile.
Yet I was hoping for more. Originations were down big, and they badly mismanaged net interest margins, but I wanted more portfolio deterioration. And an announcement that the dividend would be cut.
Based on other mortgage REIT disasters recently, other investors may have been expecting even worse news too. So I closed my short position in the morning extended hours at $7.29. We'll see if I bailed too early.
Subscribe to:
Post Comments (Atom)
-
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
No comments:
Post a Comment