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Altisource Portfolio Solutions S.A. Message Board

  • hlchlc1234 hlchlc1234 Jan 18, 2013 9:35 PM Flag

    Question on RESI

    RESI is a REIT. Any idea what the dividend might be?

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    • There is no revenue right now, RESI still needs to get its cash invested which may take a while. Of its $99.5 million in cash, $18 had to be invested into a title company which is needed to support the business. So, $81.5 million is left to generate cash flows. In terms of book value, RESI is trading at a premium to CLNY which doesn't seem to make sense. RESI can probably get roughly a 10% cash return on that $81.5 million. That is about a 6% yield. But there should be some fixed costs to deduct from that number also.

 
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