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Nationstar Mortgage launches $150M buyback

Dec. 17, 2015 7:33 AM ETNationstar Mortgage Holdings (NSM) StockBy: Stephen Alpher, SA News Editor2 Comments
  • $150M would be enough to buy back about 12.6M shares of the company's roughed-up stock at last night's closing price of $11.88. That's more than 11% of the float.
  • Source: Press release
  • In a new presentation today, the company says intrinsic book value excluding Xome is $15.77 per share. As for Xome, it's a unicorn says the company - worth more than $1B.
  • Previously: Nationstar Mortgage slides after Raman exit (Dec. 1)
  • NYSE:NSM flat premarket

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