Justin Kuepper
Long only, deep value, special situations, event-driven

Is It Time To Buy Walter Investment Management, Again?

New regulations on the financial industry have created a big opportunity for many mortgage originators, as large financial institutions like Bank of America Corp. (NYSE:BAC) and Wells Fargo & Co. (NYSE:WFC) were forced to shed their capital-intensive mortgage servicing businesses in order to stay ahead of new capital requirement rules. The result has been a sizeable opportunity for many mortgage-servicing companies like Walter Investment Management Corp. (NYSEMKT:WAC).

Over the past 52-weeks, Walter Investment Management's stock has nearly doubled, although the last three months have been rocky. Concerns over Q4 2012 financial results led to a ~20% drop in share price back in March 2013, even though its full-year guidance surpassed many analyst expectations. In...

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