Come on buddy, you could have posted it here: LOL: Two open market buys and one acquisition.
CHENG JUSTINE Officer 06/29/2015 Buy direct 14,545 13.7500 14,545
EDENS WESLEY R Director 06/29/2015 Acquisition (Non Open Market) indirect 72,727 13.7500 245,575
GIVENS SUSAN Officer 06/29/2015 Buy direct 14,545 13.7500 14,545
FIG loves to include all their companies in a multitude of deals. NRZ has grown to be near the top in the MSR sector by doing deals with FIG companies NSM and Silverleaf. and more will be forthcoming as OCN comes into the fold. They have been very transparent in their "inter-company" dealings and so far they've all worked out well for management AND share holders. I have no idea how long you've held SNR shares but if you did proper DD on FIG you'd have seen their dealings within the company and the partnerships between them. Their next possible move may be to unite the FIG property holdings in their ski resorts and the NCT holdings in the golf courses into another REIT. Again, inter company dealings which benefit FIG AND share holders. I have no complaints as long as I get mine.
Why does everyone automatically label a secondary "dilution". Do they think that the capital raise won't be invested in acreative properties. Isn't the history of management enough proof that these guys know what they're doing to build the business? Sure, listen to the nutcase bashers that don't even understand nor invest in the company. Just here to amuse themselves at others expense. I'm confident, based on past capital raises in all their divisions that every $ they raise will be put to work for shareholder's benefit.
How's this for some good news:
Yesterday, the Office of the Comptroller of the Currency put restrictions on the servicing operations of Wells Fargo, JPMorgan, U.S. Bancorp, HSBC and two others thanks to their failure to comply with an earlier agreement.The lenders will be restricted from acquiring MSRs or performing servicing for other parties. For Wells Fargo and HSBC, they will be prohibited from acquiring MSRs or entering into new contracts to perform servicing for others.New Residential (NRZ +1.9%) has taken a breather of late following the HLSS purchase, with last week's secondary offering hitting the stock particularly hard. With the new OCC order, the capital raise looks pretty well-timed.
Read today's 8-K. They were options being held by FIG insiders. The 8-K explains everything. Nothing to worry about as they were part of the recent secondary
If you've been in from day one then you know about bababara/babsnuru and his bashing NRZ/NCT/SNR/etc. and his PUMPING of his garbage biotech stocks. Posters like him don't contribute a thing to a message board. The ML/BofA report was released back in April with their rec. and their report on the recent secondary is just information that has been posted other times by other sources and posters. Don't give this guy the time of day. He's like a bad case of herpes. Hard to get rid of
So far that is correct richard. I would have expected more to go but it's possible some big institutions will be picking up shares. I noted earlier that Credit Suisse, even though they initiated coverage about 6 weeks ago and reiterated their "outperform" this morning doesn't show up as owning any shares on the Yahoo or NASD sites. Tomorrow should be another high volume day. Let's hope its green. One would have expected NRZ to perform better than it did with today's strong market. GLTA
I just "diluted" my afternoon scotch and soda celebrating the wonderful $15.96 addition to my NRZ position.
Nothing but trash talk from an amateur. I see NOTHING that you've ever posted here that even resembles new or pertinent information. Look in the mirror before commenting on others posts. Adios.
CS reinstated their coverage on NRZ back in the middle of April with an "outperform" rating and the same TP of $19. As they noted, it's a reiteration based on last night's secondary. The last paragraph is interesting. CS doesn't show up as a major holder of NRZ shares on Yahoo nor NASDAQ.
There are many that don't get that type of information in a timely manner. It's none of your business what I post. Put me on Ignore if you like. Believe me I won't be offended by the likes of you as I laugh all the way to the bank.