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$2.72 0.21 (8.37%)
7/8/2008 4:03 PM

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 Dublin063 (74.01) Submitted: 4/25/08 11:32 AM : Underperform Start Price: $6.11 IFC Score: 50.27

This company just hasn't had very much good news these past months. Irwin Financial Corporation announced that for first quarter of 2008, it expects to show a modest loss from operations, which would certainly be an improvement from the last two quarters of 2007. Irwin Financial Corporation announced that its Board of Directors has voted to suspend quarterly dividends on its common, preferred and trust preferred securities. Irwin Financial Corporation announced that for fourth quarter of 2007, it expects to report a loss from operations due to the effects of conditions in the mortgage market and housing markets. I see it taking a change in the economy to see a change in this company.

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