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Re: fung_derf post# 3450

Monday, 08/18/2003 8:33:30 PM

Monday, August 18, 2003 8:33:30 PM

Post# of 27114
Did a little research on INV. Really hoping for a dip to around $6.50 or so. I know the refi and real estate market is fizzling, but I think at $6.50, that is more than figured into the price of the company. The bookvalue on this thing is around $11/share. They are operating a exceptional margins and have carved out an interesting mortgage flipping niche.

I think it's worth the risk for my IRA portio.

Plus, I think that if the market does tank for 1 year or so, they'll pay a fat dividend. The way they do loans, if the market does flop, they'll be sitting on a pile of cash and very little debt. Gotta keep shareholders happy.

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