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Profile - Laser Mortgage Mgt., Inc. (NYSE:LMM)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Msgs | Insider | Financials
Location
c/o Mariner Mortgage Mgmt.
65 East 55th Street
New York, NY 10022
Phone: (212) 758-2024
Fax: (212) 758-6680
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 85%
·Institutional: 41% (275% of float)
(19 institutions)
·Net Inst. Selling: 1.68M shares (+40.95%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
LASER Mortgage Management, Inc. is a specialty finance company that invests primarily in mortgage-backed securities and mortgage loans. The mortgage-backed securities include mortgage pass-through certificates, collateralized mortgage obligations, other securities representing interests in, or obligations backed by, pools of mortgage loans and mortgage derivative securities (collectively, the Mortgage Securities). The mortgage loans are secured by first or second liens on single-family residential, multi-family residential, commercial or other real property (the Mortgage Loans and, together with the Mortgage Securities, the Mortgage Assets). On April 25, 2001, the Company approved a plan of liquidation and dissolution. Concurrent with the preparation of the plan of liquidation, the Board has authorized the Company's management to engage a financial advisor to consider a sale or merger of the Company as an alternative to liquidation.
More from Market Guide: Expanded Business Description

Financial Summary
LMM is a specialty finance company that invests in mortgage-backed securities and loans including mortgage pass -through certificates, collateralized mortgage obligations and other securities with interests in, or obligations backed by pools of mortgage loans. For the three months ended 3/01, interest income totaled $5.3 million, up from $2.4 million. Net loss rose 51% to $2.1 million. Results reflect a higher average investment portfolio, offset by a higher interest expense.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]

Position
William Michaelcheck, 54Chairman, Pres, CEO
Charles Howe II, 39CFO, Treasurer, Sec.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:LMMAs of 31-Aug-2001
Price and Volume
52-Week Low
on 31-Oct-2000
$3.00 
Recent Price$4.08 
52-Week High
on 16-Apr-2001
$4.24 
Beta0.29 
Daily Volume (3-month avg)20.8K
Daily Volume (10-day avg)3,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+30.6%
52-Week Change
relative to S&P500
+75.2%
Share-Related Items
Market Capitalization$57.3M
Shares Outstanding14.0M
Float2.10M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$4.38 
Earnings (ttm)-$1.14 
Earnings (mrq)-$0.15 
Sales (ttm)$1.51 
Cash (mrq)$3.35 
Valuation Ratios
Price/Book (mrq)0.93 
Price/EarningsN/A 
Price/Sales (ttm)2.71 
Income Statements
Sales (ttm)$21.4M
EBITDA (ttm)-$3.43M
Income available to common (ttm)-$15.9M
Profitability
Profit Margin (ttm)-74.2%
Operating Margin (ttm)-74.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter31-Mar-2001
Management Effectiveness
Return on Assets (ttm)-6.19%
Return on Equity (ttm)-24.37%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0 
Total Cash (mrq)$47.0M
Short Interest
As of 8-Aug-2001
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume22.0K
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-2001)

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