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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (54983)	2/23/2015 12:49:33 PM
From: E_K_S	Read Replies (1) of 78661

Re: STRL A few more for me at $2.95/share. Just small buys to get me to a 50:50 equivalent weighting w/ my other small cap construction company Goldfield Corp. (GV). ---------------------------------------- Ocwen Financial Corp. (NYSE: OCN) Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) New Residential Investment Corp. (NYSE: NRZ) Ocwen To Sell $9.8 Billion Portfolio To Nationstar From what I read, the OCN HSS division was acquired by NRZ. ASPS still has a LT contract to service those loans (it's a contract w/ HSS that was acquired by NRZ). So it appears that ASPS will still (under contract) service the loans acquired by NRZ. But NRZ is in the same business (or has subsidiary companies in the same business) as ASPS so I am not sure if/when that loan service activity will be taken over by NRZ. The market seems to like the transaction as all companies are higher after a small sell off in the AM on the news. EKS

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