Xceed Mortgage Announces Record Financial Performance in Fiscal 2005
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Posted: Saturday Jan 14 2:54:41PM 2006
XMC does business with MKP
Posted: Friday Jan 13 10:10:37AM 2006
Gee another one that may be of interest to you is MKP, nice dividend and I do own a small amout!
Posted: Friday Jan 13 5:22:36AM 2006
Q4 came in a lot stronger than I expected … eps for the year was .72 cents and Q4 eps was .18 cents. Net Income Up 95%; Fourth-Quarter Mortgage Fundings Up 103%
More highlights are as followed:
- Impressive year-over-year growth continues through fourth quarter as
net income nearly doubles
- Record annual levels achieved for mortgage fundings, EPS
- Mortgages under administration up 59% in fiscal 2005
- Declares 33% increase in quarterly dividend to $0.04 per share
- Conference call scheduled for 10:00 a.m. (EDT)
Full Details can be found at this link:
Based on TTM earnings and using a multiply of 12 (which might be conservative), XMC is worth at least $8.64 a share.