I follow spin offs. First of the year, AAMC (Altisource Asset Management Corp) was spun off from ASPS @ $15/shr. It shot up to $100, $200 and now sits at $340. Recently a inside director bought more at $300+.. When will this end. Oh well.
tee_leaves: Amazing performance. This is a spin off from Ocwen and does MSR business, same as NRZ, HLSS and NSM. They have consistently lost money since being spun off 9 months ago and every metric is a negative. One reason the price is so high is there are only 2.34 million shares in the float. Something rotten in Belgium, in my opinion, but what do I know. Good luck to you but I'd keep a wary eye.