IndyMac Bancorp, Inc. (IDMC.PK)

streetIQ (77.90) Submitted: 5/05/08 9:45 PM : Start Price: $3.34 IDMC.PK Score: -85.78

One of the last independent mtg lenders with a great ceo. the copany was caught in the mtg mess but the execution of the company and rebounb by raising capital will keep them a float. Book value is 17/share and it is trading at 3.3/share. .24xbook is ridiculous cheep. 90% mtgs meet gsm guidlines. over the last year they reduce their risk from the balance sheet and 7 billion of liquity. They will survive and flourish within the next couple of years. This stock was trading at 45/share a year ago and now since the company is solvent the risk is gone. the company will probable lose moeny in 08 but wall stree looks out into the future. Put this on record at .24xbook 3.3 share price i can see 5x stock price by year end=17/share. one more thing IMB was the first lender to originate the new GSM jumbo guidelines. Fannie must have confient in thier business operations. Long for a long time

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