Ocwen Financial Corporation NEW (OCN) Social Stream

Ocwen Financial Corporation NEW (OCN): $29.39

3.13 (+11.92%)

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Featured Post From StockTwits About OCN

$OCN @mickael1727 @Frontlineinv @ContrarianStock @WampusBurger @buylowandwait Lee Cooperman -- Omega Earning Call: "OK. But you don't want to mention any numbers. OK. Fine. In terms of your liquidity position, your stock stays at about half of book value. From my experience, if you can earn the kind of returns on book you're talking about, we should be selling at a premium to book value. Do you have any flexibility in terms of buying back cheap equity?"
He didn't get any answers about the future numbers and I think I could tell from the call that he wasn't really pleased about that either.
Yes, you are right in assuming that the next quarters should produce excellent figures - this result is also put forward by the CEO, but they do nothing to push the share price where it actually belongs, namely to a book price of about 50. We're lucky that the big investors like Cooperman are staying with OCN; if one of them sells out, the stock sinks into no-man's land.
michbroker, published August 9, 2021

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