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Fortress Investment Group LLC Message Board

bobstewart1952 7 posts  |  Last Activity: Jan 31, 2016 5:57 PM Member since: Jul 4, 2010
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  • bobstewart1952 by bobstewart1952 Jan 31, 2016 5:57 PM Flag

    Weren't the Dutch auction and the $200mm buyback separate events? If so, the $200mm was announced to take place over the next 12 months, depending on price and market conditions. Whereas the auction was a one shot event.

    Since you both follow NRZ closely, when the price tanked, it got down to the low $9's twice before it reversed. Maybe that was the floor mgt. set before putting money to work. Your thoughts?

    Bob S.

  • Reply to

    Eureka I figured it out

    by hanakookie Jan 5, 2016 8:59 PM
    bobstewart1952 bobstewart1952 Jan 5, 2016 11:01 PM Flag

    Then why not just buy FIG also?

    Everything NCT spun off (SNR, NEWM, NRZ) I still own. When I figured this out a while ago, I bought a bunch of FIG. So I also get a taste of FTAI, LEAF, SNOW and EUIVF.

    Now that the Novogratz's stuff is being dissolved, hopefully FIG's payout should increase.

    Hana, I responded to your email. Hope you and yours had a wonderful holiday season.

    Bob S.

  • bobstewart1952 by bobstewart1952 Dec 13, 2015 4:19 PM Flag

    We know you hate OCN. Can you find a better topic to discuss? And I do not care for racist comments, either.

    Merry X-Mas,
    Bob S.

  • bobstewart1952 by bobstewart1952 Nov 23, 2015 10:32 PM Flag

    Novogratz retired and FIG is buying him out. That might help you.

    Read my post on the FIG board. BTW, they buyout price was announced at $4.50/share.

    Happy Thanksgiving,
    Bob S.

  • bobstewart1952 by bobstewart1952 Nov 23, 2015 10:08 PM Flag

    I'm not worried about it. When they bought out Nomura, they raised the dividend from 6 to 8 cents. Before that, they bought out Kaufman (another founder) and the dividend went from 5 to 6 cents.

    With all these buyouts over the last three years, they have reduced the total outstanding shares by 40 percent.

    Kaufman - 10%
    Nomura - 16% net
    Novogratz - 15%

    Pretty smart closing down the hedge fund. It looks like we are going into a deflationary period. Providing alternative financing and buying distressed assets may be the way to go for the time being.

    GLTA,
    Bob S.

    Sentiment: Hold

  • Go back through my previous posts. They are the guys who bought out HLSS from OCN. Read the business relationship between OCN and NRZ. I feel those are the guys that will end up picking OCN's bones.

    Bob S.

  • What is NCT doing to increase rounds? Are either of you familiar with ClubCorp (MYCC)? I like the program they have and am strongly thinking of joining.

    How many of these boomers have second homes? I for one would not want to tie myself to one club with dues, monthly minimums and the rest of what goes with joining a country club if I'm going to float between Pennsylvania and Florida, South Carolina, Scottsdale, or whatever.

    I am a soon to be retired boomer who is going to spend more time trying to lower my handicap and fly fishing. I'm also very long NCT and the spinoffs. GLTA.

    Bob S.

    Sentiment: Buy

FIG
4.40+0.39(+9.73%)Feb 5 4:02 PMEST