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Profile - Westmark Group Holdings (OTC BB:WGHI.OB)
As of 31-Aug-2001
Enter symbol:
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More Info: nothing available.
Location
8000 No. Federal Highway
Boca Raton, FL 33487
Phone: (561) 526-3300
Fax: (561) 526-3305
Employees (last reported count): 124
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Consumer Financial Services
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 52%
·Over the last 6 months:
 · one insider buy; 25.0K shares (1.3% of insider shares)
·Institutional: 0% (0% of float)
(one institution)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Westmark Group Holdings, Inc., until July 22, 2000, was engaged in the business of purchasing and selling residential mortgage loans through its wholly owned subsidiary, Westmark Mortgage Corporation. The Company dealt primarily in non-conforming loans (generally those borrowers outside the conforming guidelines). In July 2000, the Company suspended operations of Westmark Mortgage. Those operations were its sole operations. The Company's value as a shell, if any, is limited. Before ceasing operations, the Company attempted to secure financing that would have allowed it to continue its business, but was unsuccessful.
More from Market Guide: Expanded Business Description

Financial Summary
Westmark group Holdings, currently has no operations or sources of revenue. The Company's only business strategy is to acquire or merge with an operaing entity. For the three months ended 3/31/00, revenues increased 23% to $5.8 million. Net loss totalled $1.9 million vs. an income of $91 thousand. Revenues reflect increases in the sale of loans. Net loss reflects increased direct loan fees, interest expense and general and administrative fees.
More from Market Guide: Significant Developments

Officers
FY1999 Pay

Dori Carpinello, 49
Chairman, Pres, CEO
--  
Payton Story, III, 53
Director and Pres of Westmark Mortgage Corp.
$248K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:WGHI.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 16-July-2001
$0.01 
Recent Price$0.02 
52-Week High
on 18-Sep-2000
$0.125
Beta0.47 
Daily Volume (3-month avg)1,227 
Daily Volume (10-day avg)0 
Stock Performance
52-Week Change-78.7%
52-Week Change
relative to S&P500
-71.5%
Share-Related Items
Market Capitalization$75.0K
Shares Outstanding3.73M
Float1.80M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 5 on 3-Sep-1997
Per-Share Data
Book Value (mrq)-$1.44 
Earnings (ttm)-$2.60 
Earnings (mrq)-$0.50 
Sales (ttm)$6.94 
Cash (mrq)$0.96 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)0.00 
Income Statements
Sales (ttm)$24.5M
EBITDA (ttm)-$970.0K
Income available to common (ttm)-$9.01M
Profitability
Profit Margin (ttm)-35.8%
Operating Margin (ttm)-23.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter31-Mar-2000
Management Effectiveness
Return on Assets (ttm)-20.23%
Return on EquityN/A 
Financial Strength
Current Ratio (mrq)0.88 
Debt/EquityN/A 
Total Cash (mrq)$3.63M
Short Interest
As of 8-June-2000
Shares Short0 
Shares Short
(Prior Month)
6,000 
Daily Volume0 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-Mar-2000)

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