Brice Mckalip

Imperial Holdings: Life Insurance Companies Can Do Math, Life Settlements' Shareholders Can't

Executive Summary: Excitement over escaping bankruptcy earlier in the year has driven Imperial Holdings' (IFT) share price up to levels reflecting the $3B in life insurance policies the company owns but missing the 37% cut of proceeds taken by creditors and ongoing administration costs that eliminate the value.

Catalyst: Rights offering announced Friday, a...

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