I follow TWO bought during the November slaughter and made a nice gain. Now, I am researching SBY and find that TWO is involved with SBY; can anyone tell me what percentage SBY is owned by TWO?? This seems like a great investment and while TWO is trading near it's 52 week high I am thinking it has room to grow. Any input welcome.
Two owns 48% of SBY. That value is baked into the current two stock price. The board has made no decision as to what it will do with the stock. I wouldn't be surprised if they just held on to it and let it ride. If they do something it will be treated exactly like a dividend announcement.
NCT has also announced a spin off of it's MSR business in the same way as TWO/SBY. There is a question as to the tax treatment of the NCT spin off as per the SEC documents filed by NCT. They will be distributing 1 for 1 of the new company's shares - NRZ, to NCT shareholders. Anyone question the possible tax consequences of the TWO/SBY spin off??