Lots of folks live in the same house for a long time, some for the rest of their life. But the national average is a little less than six years. There are very few 30 year loans, The home mortgage business is one big game that makes lots of money for the right people. BANKERS AND LAWYERS, i.e Title companies, origination fees, discount points, PMI, and the list can on forever.
Alright, with the corrected decimal your bottom line on Feb.13, would be $ 5922.50 on today's pps or plus $322.50. I am open for any and all corrections, because this is pure guess work.
I saw that also, but when this was first announced the spin-off was supposed to be like a 1 for 1 so I figured their decimal was off. One thing for sure, it will be a long time before we know the real results. We still are waiting for the bottom line on NRZ.
Lets use $5.60 as a pps. So 1000 shares are worth $5600.00. You get 722 shares with a pps of +or- $5.00 or $3600.00. But you lose .72 cents a share of NCT 's $5600-$722 = $4878.00. So now you have $ 8478.00 plus you have a dividend of Approx. .20 cent on 722 shares coming for an additional $144.50. So now you have $ 8622.50. But you have no idea of the real cost or the tax basis until after Jan. 2015 and have no idea how NCT or New Media will perform during the coming year of 2014. So what happens if both are selling for $3.00 or less on Dec.31, 2014?
OCN got a big contract from WF yesterday (35B). I don't see any new business for NSM lately, makes me wonder about NRZ going forward. Still I think the amount of business they have on the books makes this at least a $7-$8 pps and the dividends are safe in the 9%-10% range for the year.
Line told us way back in 1st qtr the truth and the whole truth. They told us about the bad 1st and soon to be 2nd qtrs, They also told us about how things would improve in 2nd half and for the year end. Everything they said has turned out to be the truth. Why do people think they are trying to fool us now. by saying things are going to be fine in 2014 especially with the bry deal. Sure there will be good and bad days, but come Dec. 2014 we will get candy and buts for Christmas.
I read their presentation at the WF conference. Everything sounded good, BUT, I think our real problem is the cut the general partners get. I bought shortly after the IPO and thought I had done my DD, but I completely overlooked that. Had I known that I would not have bought it. with the drip and buying down I have lowered my basis, but I am still under water. I'll just hang in there and collect distribution until I can sell. There are better places to be than with a very, very terrible general partner.
I put her (or him) on ignore long ago. You are spot on as to her contributions to this and other boards she posts on.
It should be more. I put up some pretty negative posts about this company and the guy who runs it last year.. They should hold him personally responsible.
I was expecting news on the NM deal this week, but I guess not. I don't see any great news coming from NCT until the deal is in complete raps. However, we should get the dividend announcement in a couple of days, but I don't think it will tell us anything new.