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. (NYSE: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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details