InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,221.42
(
-0.02%
)
US TECH 100
17,723.20
(
0.00%
)
Dow Jones
39,431.51
(
-0.21%
)
Brent Oil
83.00
(
-0.26%
)
Bitcoin
61,847.79
(
-1.68%
)
Post# of 1836
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Phaedrus77

Send PM Follow Ignore
Followers 11
Posts 654
Boards Moderated 0
Alias Born 02/05/2014

Phaedrus77

Re: Jh5142 post# 329

Friday, 09/07/2018 10:48:19 PM

Friday, September 07, 2018 10:48:19 PM

Post# of 1836
The last Q filed showed only $30 million of loans with a maturity date after 2017 ($130 total maturing after 2016).

If they’ve only originated $31 of new loans across the entire UDF complex since then, then UDFI’s revenue has to be next to nothing now. I suppose they could invest the cash received from maturing loans in MBS and earn interest that way, but they’ve got to be burning through quite a bit of cash now.

Just out of curiosity, has anyone called the company to ask what’s taking so long? 3 years to audit/restate the financials of a $500 million company is beyond absurd.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up