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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: turnaround_seeker who wrote (283)

4/9/2012 11:44:26 AM

From: par5in2

1 Recommendation Respond to of 1876

I believe you are making a very fair comparison with www.streetlinks.com 93% owned by NOVS.
Trailing PE is 22 x earnings and forward PE is 10. LPS difference with NOVS is it is effectively priced at what one investor may deem Fair Market Value. Management goal today is to gain Mr. Markets attention and obtain a price multiple off their future BV, ROE, EPS, (because of the DTA of 326M NOL piece NOVS book value will grow effectively by the amount of DTA used to shield Taxable Income from taxes). This Mr. Market must price into the stock and because NOVS also owns; Mango Moving (solves a $12B Asset Less 3 PL market) + www.adventtax.com which provides an alternative solution for billion dollar problems faced by NON-Banked in America (per Goldman Sachs single book runner for NTSP IPO 2010 their are 70M such Americans); RAL and PayDay Lenders = all of this deserves some premium in the PE but only Mr. Market can make that call. NOVS needs to provide them the transparency and openness to do it, IMHO.

Lender Processing Services, Inc.
601 Riverside Avenue
Jacksonville, FL 32204

Details

Index Membership:	N/A
Sector:	Services
Industry:	Business Services
Full Time Employees:	8,100

THIS is precisely the market Streetlinks.com is selling into.
Business Summary

Lender Processing Services, Inc. provides integrated technology and outsourced services to the mortgage lending industry in the United States. Its Technology, Data, and Analytics segment offers software systems and information solutions that facilitate and automate various business processes across the life cycle of a mortgage. This segment?s primary applications and services include mortgage servicing platform, an application that automates loan servicing, as well as processes fixed-rate and adjustable-rate mortgages, construction loans, and daily simple interest loans; Desktop, a Web-based workflow information system that can be used for managing and automating various workflow processes; and other software applications and services that facilitate the origination of mortgage loans. It also provides data and analytics services, such as data and information, and alternative valuation services. The company?s Loan Transaction Services segment offers customized outsourced business process and information solutions, such as settlement services comprising centralized title agency and closing services; appraisal services; and other origination services, including federal flood zone certifications and monitoring services. This segment also provides default management services, such as property inspection and preservation; foreclosure; and asset management, default title, and settlement services. The company serves mortgage lenders, mortgage loan servicers, attorneys, trustees, real estate professionals, banks, and other financial institutions. Lender Processing Services, Inc. is headquartered in Jacksonville, Florida.