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$1.50 -0.04 (-2.60%)
12/5/2008 9:51 AM

Irwin Financial Corp (IFC)

CAPS Rating:
**

A diversified financial services company. Its major lines of business are: mortgage banking, commercial banking, home equity lending, commercial finance and venture capital.

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Avatar TMFPlatoish (44.86) Submitted: 10/21/06 10:52 PM : Outperform Start Price: $20.87 IFC Score: -54.35

Irwin Financial is a small diversified regional banking concern headquartered in Indiana. Recently they have been engaged in deleveraging their business by selling off their mortgage banking business. The amount they received for this segment suggests that the remaining business and assets are undervalued at current market pricing. Looking for price appreciation to $30 range in the next year and expect this equity to outperform the market averages.

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Avatar smith972 (< 20) Submitted: 1/10/08 7:27 PM

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Hi Stan,

A lot has happen since Oct 2006 when you selected this and I would like to know your thoughts on Irvin Financial now. I've been watching this for 4 months and plan on doing more reseach soon. It seems too cheap to me.

Thanks for your time and Thanks for everything that you do to help dummies like me.

Wayne

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