- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Anyone loading up on NRZ?
Posted on 2/28/20 at 1:24 pm
Posted on 2/28/20 at 1:24 pm
I know a lot of people here own NRZ stock. I’m thinking if it gets under $15.15 I’m going to load up on more. Anyone else thinking the same?
5
Posted on 3/31/20 at 12:10 pm to Lsutiger2424
Did anyone load up? 
They announced a divided reduction today which is causing a sell off. It’s about to dip below $5/share which is close to the year low
They announced a divided reduction today which is causing a sell off. It’s about to dip below $5/share which is close to the year low
Posted on 3/31/20 at 1:33 pm to AlexLSU
It certainly looks like an interesting long term value play and their forward yield is still over 3%, which is not terrible in this current environment.
This post was edited on 3/31/20 at 1:54 pm
Posted on 3/31/20 at 1:38 pm to go ta hell ole miss
No one is laughing about losing money ya goon; I’m laughing because no one responded to the thread
This post was edited on 3/31/20 at 1:56 pm
Posted on 3/31/20 at 1:40 pm to AlexLSU
I bought 80 somethings shares at 7.05.
It'll be ok. $15 again soon enough.
It'll be ok. $15 again soon enough.
Posted on 3/31/20 at 1:48 pm to bayoubengals88
We’re about in the same boat, 85 at $6.85 here. Was wondering if the dividend reduction was scaring off any longterm holders
Posted on 3/31/20 at 1:51 pm to AlexLSU
I got 50 shares at $4.98
Posted on 3/31/20 at 1:56 pm to Lsutiger2424
I bought some last week and just bought some more. Now holding 200 shares DCA'd at $5.96.
Don't know anything about this stock, just going to try to hit a few home runs per this board's advice with some play money.
Don't know anything about this stock, just going to try to hit a few home runs per this board's advice with some play money.
This post was edited on 3/31/20 at 1:58 pm
Posted on 3/31/20 at 2:04 pm to Lsutiger2424
Damn this stock has had one hell of drop. Cutting the dividend doesn’t help I’m sure.
Posted on 3/31/20 at 2:08 pm to Huge Richard
frick it, just picked up 200 shares.
Posted on 3/31/20 at 2:15 pm to Sho Nuff
Tempting... it looks like they basically eliminated their dividend today. Very nasty breakdown
This post was edited on 3/31/20 at 2:16 pm
Posted on 3/31/20 at 2:19 pm to Sho Nuff
I bought 100 shares at $4.90
Posted on 3/31/20 at 2:21 pm to BZ504
Got in for 75 at 5.49 this morning.
Posted on 4/3/20 at 9:06 am to Lsutiger2424
This still a play? Many have invested in this stock so you probably have really good information on it. It’s taking a beating, so I’ve been doing a bit of research on it trying to decide whether to get in this morning.
The CEO was on the board at Bear Sterns during the 2008 mortgage crisis and before that he helped build Lehman’s adjustable rate mortgage business, so we know he’s willing to roll the dice and lands on his feet even when even a major company he’s with goes under. They have cut their dividend 90% and dumped $6 billion for what appears to be a liquidity crunch during this pandemic. Ocwen, a major partner, is now pulling their guidance for the year as of this morning. I know the Federal Reserve is buying up mortgage debt, which would seem to help, but the effort is focused on securities consisting of agency loans that were created with help from the federal government . That’s different from New Residential’s non-agency debt. That’s from what I can tell, but I may be getting this wrong. What are thoughts on whether it makes it now and is it time to get in/add more?
The CEO was on the board at Bear Sterns during the 2008 mortgage crisis and before that he helped build Lehman’s adjustable rate mortgage business, so we know he’s willing to roll the dice and lands on his feet even when even a major company he’s with goes under. They have cut their dividend 90% and dumped $6 billion for what appears to be a liquidity crunch during this pandemic. Ocwen, a major partner, is now pulling their guidance for the year as of this morning. I know the Federal Reserve is buying up mortgage debt, which would seem to help, but the effort is focused on securities consisting of agency loans that were created with help from the federal government . That’s different from New Residential’s non-agency debt. That’s from what I can tell, but I may be getting this wrong. What are thoughts on whether it makes it now and is it time to get in/add more?
This post was edited on 4/3/20 at 9:14 am
Posted on 4/3/20 at 9:33 am to Huge Richard
quote:
Cutting the dividend doesn’t help I’m sure
Yeah, they cut the common, not the preferred(s).
But that drop off was massive prior to the cut.
I'm going to double my position today, My average is at $5.22. Should put me at about $4.20ish range.
Then is a long hold
Posted on 4/3/20 at 9:42 am to Jjdoc
I thought you would have some information. If you are adding then you must feel pretty good about it’s ability to stay solvent.
Posted on 4/3/20 at 9:52 am to Jjdoc
Just picked up a couple hundred at $2.95
Posted on 4/3/20 at 10:14 am to TxWadingFool
Shorts are slaughtering it on the downgrade by KBW. This is where the fun begins with markets in turmoil. If it survives it could be good, but it will be hard to stomach and has a lot of institutional money that could crater it or hold it up. Fun times!
Posted on 4/3/20 at 10:15 am to Jjdoc
NRZ down nearly 30% on the day and CIM is down 12%. Is this drop being seen across the board in the real estate sector?
Thinking about buying down NRZ but I'm in at near $4 already and feel good about that.
Is this drop being seen across the board in the real estate sector? Thinking about buying down NRZ but I'm in at near $4 already and feel good about that.
Posted on 4/3/20 at 10:20 am to TheLSUriot
REITs got downgraded by KBW and shorts are piling on. Good luck.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News