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See all Bulls Reasons
Bulls: Reasons To Buy

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Suprisingly strong and under the radar

PMC Commercial (PCC) is one mortgage REIT that's flying way under the radar - no analyst coverage, no quarterly earnings calls. The micro-cap (~$80 million market cap) commercial originator has seen its stock sink 30% in the past two months, falling from $10 in March... read more
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Bears: Reasons To Sell

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Feeling Bearish? Be the first to explain why this would make a poor investment

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The Company that primarily originates first-lien, real estate-collateralized loans to small businesses, primarily in the limited service hospitality industry. PMC has two subsidiaries that act as non-bank Small Business Administration 7(a) Program lenders, which means that the Company is able to originate loans that are guaranteed up to 75% by the SBA. It also means that portions of 7(a) loans guaranteed by the agency can be transformed into AAA rated government bonds and sold on the secondary market.

[edit] Business and Financials

During the first quarter, the Company originated approximately $17.1 million of loans, but funded $8.9 million in April -- an increase of 56% over the first-quarter run rate. Impairments and provisions ticked up just $10,000 over the prior quarter, so credit metrics on the retained portfolio showed no deterioration.




 PMC Commercial Trust
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      [edit] References

      1. ↑ 1.0 1.1 DCT,2007,10-K.Item-15,Page-F-4
      2. ↑ DCT,2007,10-K.Item-2,Page-27
      3. ↑ DCT,2007,10-K.Item-6,Page-34
      4. ↑ DCT,2007,10-K.Item-15,Page-F-24
      5. ↑ 5.0 5.1 5.2 FR,2007,10-K.Item-6,Page-25
      6. ↑ 6.0 6.1 FR,2007,10-K.Item-6,Page-26
      7. ↑ 7.0 7.1 7.2 PCC,2007,10-K.Item-6,Page-23
      8. ↑ PCC,2007,10-K.Item-7,Page-49
      9. ↑ 9.0 9.1 9.2 9.3 SSS,2007,10-K.Item-6,Page-17
      10. ↑ SSS,2007,10-K.Item-2,Page-13
      11. ↑ 11.0 11.1 11.2 YSI,2007,10-K.Item-6,Page-34
      12. ↑ YSI,2007,10-K.Item-6,Page-35
      13. ↑ YSI,2007,10-K.Item-7,Page49
      Retrieved from "http://www.wikinvest.com/stock/PMC_Commercial_Trust_(PCC)"
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