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  • Petrobras +6% as Q1 results coming May 15 [View news story]
    Why are the preferred $1 below commons? I know they wont pay dividends for the year 2014, but still has dividend preference over common and is a senior lien to common. ideas?
    Apr 24, 2015. 03:32 PM | 2 Likes Like |Link to Comment
  • More on BAML's New Residential upgrade [View news story]
    sounds good to me. 18.50 is conservative
    Apr 21, 2015. 05:12 PM | Likes Like |Link to Comment
  • REM: The Market Needs mREIT ETFs [View article]
    I own it and the reason I like is as they also have exposure to mREITS that have exposure to MSRs, NRZ, TWO, etc. that will increase in value should rates rise. I used to own MORL but found it much riskier because of the 2x leverage
    Apr 16, 2015. 06:15 PM | 1 Like Like |Link to Comment
  • Petrobras denies it plans to sell pre-salt assets [View news story]
    net positive for long term
    Apr 16, 2015. 08:30 AM | 5 Likes Like |Link to Comment
  • New Residential Investment: Analyzing Future Earnings Potential After The HLSS Purchase [View article]
    Outstanding Shares = Dilutive
    EPS = Accretive
    Apr 12, 2015. 08:55 PM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources Preferred: A 10% Return [View article]
    Henry, Are you still holding CLV preferreds?
    Apr 10, 2015. 02:13 AM | Likes Like |Link to Comment
  • New Residential Investment: Analyzing Future Earnings Potential After The HLSS Purchase [View article]
    On a diluted basis NRZ has 140 million shares. They just did a SPO for 50 million shares with another option for 6 million. So they've diluted their current shareholders by 35.7% (not including the greenshoe option), not very impressive for existing shareholders.
    Let's be realistic, if this gets to $18 with a dilution of 50 million shares it will be impressive. The author is far too creative in suggesting that NRZ should peg it's dividend yield to 8%. In the past, the dividend yield has primarily been close to 10-12%. My projection is for the NRZ dividend to increase Quarterly from 38c to 47-51c or on an annual basis from $1.88-2.04.
    I'll take the midpoint of the 10-12% target dividend yield, and use a 11% yield.
    This would leave investors with a price target of $17.00 - $18.60.
    btw, $18 is the target FBR has for NRZ today and I agree with them.
    You're $25 target is borderline insanity and is not grounded in reality. I'm in since $12 but you're basically saying the acquisition of HLSS should result in a 100% equity appreciation.
    Apr 9, 2015. 01:23 AM | 3 Likes Like |Link to Comment
  • New Residential Investment: Analyzing Future Earnings Potential After The HLSS Purchase [View article]
    Why did you use 8% as your target yield? What is your expected quarterly dividend post - acquisition?
    Apr 8, 2015. 09:41 PM | Likes Like |Link to Comment
  • New Residential turns higher after Home Loan deal; Ocwen, Altisource fly [View news story]
    It will be more then 10%...more like 20-25%
    Apr 7, 2015. 10:50 AM | Likes Like |Link to Comment
  • Quickie marriage for New Residential and Home Loan Servicing; Ocwen flys on NRZ partnership [View news story]
    NRZ was also able to shave $84MM off the original HLSS purchase price.
    Apr 6, 2015. 06:00 PM | Likes Like |Link to Comment
  • Quickie marriage for New Residential and Home Loan Servicing; Ocwen flys on NRZ partnership [View news story]
    HLSS shareholders take a haircut. NRZ shareholders get diluted but best positioned for long run. OCN shareholders real winner here. Going Concern off the table + Implied backing from NRZ/NSM/FIG
    Apr 6, 2015. 05:41 PM | Likes Like |Link to Comment
  • Cliffs Natural Resources names Kelly Tompkins new CFO [View news story]
    The ship has already sunk. It's in rescue mode by the coast guards.
    Apr 2, 2015. 10:48 AM | Likes Like |Link to Comment
  • Petrobras - Is Bankruptcy Possible? [View article]
    nice man, keep posting your insights. good stuff
    Mar 27, 2015. 01:42 AM | Likes Like |Link to Comment
  • New Residential Investment: Understanding Its MSRs And Stable 10% Yield [View article]
    On March 20, 2015, Home Loan Servicing Solutions, Ltd. (the “Company”) entered into an amendment (the "Amendment") to its senior secured term loan facility agreement dated as of June 27, 2013 among the Company, as borrower; certain subsidiaries of the Company, as guarantors; JPMorgan Chase Bank, N.A., as administrative agent and collateral agent and the lenders party thereto. Pursuant to the Amendment, the deadline for the Company to furnish its annual financial statements was extended to April 10, 2015, and certain terms of cross-default to the Company's advance financing facilities were amended. In addition, consent was granted to permit certain amendments to the Ocwen Subservicing Agreement.
    Mar 26, 2015. 12:42 AM | 1 Like Like |Link to Comment
  • REM And The mREITs Still Attractive [View article]
    There is a dividend to compensate for those fluctuations. Further, most of the mREITS have already been hammered the past 6 months in anticipation of this "event", which is more and more becoming a non-event. With $10K invested in Annaly from 3/25/01 to 3/25/15, the annualized return was 11.79% and after DRIP = to $47,617. Stay the course, Stay Long.
    Mar 25, 2015. 11:52 PM | 1 Like Like |Link to Comment
COMMENTS STATS
245 Comments
151 Likes