They sent me some strange form that I never saw before where I had to calculate my share days.(multiply number of shares by number of days owned) and multiply the result by some factor listed on the form. I did this then turned it over to my accountant with the rest of my income tax data. I have no idea what the tax rate is but assume I'm paying at my highest income rate since this is not a US registered company so I don't think the lower dividend rates apply. Not sure. One thing I have learned over the years is not to let the tax tail wag the investment dog. I make the best invest decisions I can, then let the accountant take care of the taxes. When I did my own taxes, I found myself tailoring my investments around the tax paperwork, for example, avoiding more partnerships because I hated dealing with the K-1 forms at tax time. Then I realized that's no way to invest. Paying an accountant was one of the best investment decision I ever made.
The stock is less than $3.00 off its all time high...how much of your #$%$ can you really be losing? Perhaps someone can suggest a nice CD for you.
Suggest you read them then. Definitely does not suck. Do your homework before you guess
zbgb is hanging around because HLSS has not done anything except multiply its servicing portfolio volume this year off the back of Ocwen's past and recent MSR and asset purchases. This stock is way under valued compared to its upcoming revenue streams...
It may be because more and more people are finding out that this company is a PFIC..and you get the shaft if you hold it in an ira...taxwise.
jharari!, i am not able to access the content of these materials.....whatever the content it must have really sucked!
Item 7.01 Regulation FD Disclosure.
On October 7, 2013, Home Loan Servicing Solutions, Ltd. (“HLSS”) will begin a series of meetings with current and potential investors. A copy of HLSS’s written materials for such meetings is attached as Exhibit 99.1 hereto. Such materials shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Also, earnings scheduled for October 17.
Maybe I'll add to my position. At least I get a dividend. I haven't seen anything other than a falling stock price that tells me the bottom is going to fall out here with the business. I've been in some really terrible stocks in the past but I try to get out early and don't get too hurt. This next report is going to the the test for me so If there is any weakness to back up the recent stock roll over then I'm out. Too many uptrend stocks to be in one going down.
Go to the company website and look at their investor presentations. Among the interesting insights you should gainare:
When interest rates go up, prepayments slow down and the MSRs that they own become more lucrative than anticipated. In each of their quarterly releases over the past year they have noted that prepayments were lower than anticipated, resulting in higher than expected income and they subseuqently increased the dividend.