also... look at the asps chart. same biz? same model. some foreclosure income. same sell-off. when something affects and industry you have to stop and think: maybe this is something to keep clear of until it has at least a final capitulation... course, maybe it did and this here is just noise today... but its big -6% "noise" so... that's pretty noisy!
This company had interest expense of 84m in 2009 on 533m in earnings before tax. they pay about 1/3 in tax. ok... so what do you think happens if they make less in processing fees because of a general constipation in the foreclosure game? well... let's say that even for a few weeks of one quarter get screwed up... then? then they have to admit that they are revising earnings down and WHAM! byesy-bye to your "investment".
forget it... the only time to buy this crap is when it gets overshorted. its a trade only for now... just my guess. i thought different a coupla of days ago but then i took a closer look at the income statement.
also... just a teensy weensy note... listen to the guy on the conf call who has to keep clearing his throat... ha ha! wuz we a little nervous there sir?