Seeking Alpha

Newcastle Investment (NCT +4.5%) is reiterated a Buy with $14 price target at UBS, the team...

Newcastle Investment (NCT +4.5%) is reiterated a Buy with $14 price target at UBS, the team noting the stock is off 14% in a month partly on concern over the delayed spinoff of New Residential. The delay, says UBS, is likely the result of extra filing requirements associated with the acquisition of HSBC servicing assets. The completed registration is probably imminent, and will allow investors to again focus on valuation of the entities - NCT $6 and NRZ $8, according to UBS.
Comments (2)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    We are so easily distracted.
    19 Apr 2013, 03:02 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5828) | Send Message
     
    Still long (NCT). Plan on holding forever and collecting the 9% distribution.
    19 Apr 2013, 06:14 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs