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Diamond Foods, Inc. Message Board

granicus007 4 posts  |  Last Activity: Aug 9, 2016 9:47 PM Member since: Feb 24, 2011
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  • Reply to

    S&P upgrades Ocwen Servicing to "Average"

    by fatoldmaninnj Aug 9, 2016 4:10 PM
    granicus007 granicus007 Aug 9, 2016 9:47 PM Flag

    Agree Fat. Great news indeed!
    . Altisource has about 40-50% of the shares shorted and not much of a float so this may be interesting.

    Sentiment: Strong Buy

  • Reply to

    2016 Q2 Earnings Call - July 27th 5pm

    by fatoldmaninnj Jul 21, 2016 7:42 AM
    granicus007 granicus007 Jul 27, 2016 10:08 PM Flag

    Fat, as usual you are spot on. Most upbeat Ive heard Faris in a couple years. And yes, the Nomura analyst knocked it out od the park ($4/share off balance sheet). More clarity, strong assets and I expect more money to start returning to Ocwen shares soon.
    # yahoo message board changes some so most of the time on stocktwits now

    Sentiment: Strong Buy

  • Reply to

    ER 7/21

    by fatoldmaninnj Jul 19, 2016 3:31 PM
    granicus007 granicus007 Jul 20, 2016 12:02 AM Flag

    Yes.."blow-out quarter" is what I am hearing..

    Sentiment: Strong Buy

  • (Bloomberg) -- Ocwen’s ability to service RMBS loans remains steady despite financial weakness in its parent company, Moody’s analysts Francis Wissman, Gene Berman and William Fricke write in research note.

    * Ocwen continues to have best total cure and cash flowing metrics among servicers assessed by Moody’s
    * Foreclosure and REO timeline performance remains at Above Average, with particular strength in pre-foreclosure and foreclosure timelines
    * Loan modification re-default rate not as strong as some of its peers
    * Currently assessed at SQ3- (Average -) as primary servicer of prime, subprime and second-lien loans and at SQ3- as special servicer of residential mortgage loans
    * NOTE: Moody’s downgraded corporate family rating to B3 from B2 and assigned negative outlook on June 8 due to weak profitability in 1Q’16 from high legal, regulatory and servicing expenses; company has lost $888m over past 2 years

    Sentiment: Strong Buy

DMND
37.56Feb 26 4:00 PMEST