Newcastle Investment Corp. UBS has stated that Newcastle Investment weakness is a result of concerns about higher prepayments and the impact on the MSR portfolio and the newly spun New Residential. The analyst views Newcastle’s MSR portfolio as being in the position for potential prepayments, and it believes that shares can outperform. The firm gives the shares a Buy rating and a $14 price target
Confusing statement from them as they contradict themselves here.
I am going to work for UBS so that I no longer have to think for myself. If you don't know the cause of a market action, just make up some mealy mouthed crip you heard once. The truth is...
The investment that Newcastle has in Cyprus is enough to make the supreme court jump off the fiscal cliff of gay marriage.
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Where is that cyanide capsule.(oh, it's not for me)
I have a nearly 7x position in NCT over TWO but I like them both. I'll be getting a bit over 200 shares of SBY from TWO and I haven't decided whether to hang on to it or just sell. Too many REITs in my holdings and that would be a small one. I'd like to see how TWO reacts after SBY is spun off. Might give us some sort of idea about NCT/NRZ. I think it's an end of April event.