Altisource Asset Management Corp. (AAMC)

18.11
AMEX
Prev Close 18.94
Day Low/High 18.11 / 20.12
52 Wk Low/High 12.54 / 31.89
Exchange AMEX
Shares Outstanding 2.06B
Market Cap 38.93M
P/E Ratio N/A
Div & Yield N.A. (N.A)

Latest News

Ringing the Register on RESI

As we know, Altisource Residential (RESI) and Altisource Asset Management (AAMC) are in discussions to alter the management agreement between the two companies. RESI's conference call has been delayed and the company mentioned over a week ago that a...

RESI Highlights

Here are highlights of the RESI quarterly earnings release: 4Q 2014 revenue of $122 million slightly beat consensus. Cash available for dividends, at $24.8 million, declined sequentially as loan resolutions slowed in the seasonally weak quarter. The...

RESI Looks OK, Calls Next Week

RESI and AAMC will not be holding their respective conference calls until next Monday, March 9. My guess is that this is being done based on the expectations that negotiations on AAMC's management fee will be completed by then. But it is just a gues...

RESI Reports

Altisource Residential (RESI) just reported.  I am analyzing the release now. Altisource Asset Management (AAMC) also reported.

Good News for Altisource Residential

"Capstone believes these actions will add significant value for RESI shareholders. Capstone currently values RESI at $28.10 per share. If RESI's board acts to terminate AAMC for cause and hires a new asset manager at market rates, Capstone estimates...

'Playing It Safe' on RESI

Altisource Residential (RESI) is now up about $2.30, or about 13%, in just two weeks. In the interest of being "safe rather than sorry," I am taking off a third of my long position above $20 now. I expect to hear an update on the negotiations with A...

Some Thoughts on Ocwen

Several weeks ago I summarized my view of each component of the Ocwen (OCN) complex and concluded that OCN, Altisource Portfolio Solutions (ASPS) and Altisource Asset Management (AAMC) might still be avoided, while Home Loan Servicing Solutions (HLS...

A Positive Development at AAMC

A positive management development has been announced at Altisource Asset Management (AAMC).

RESI Starts to Respond

RESI, last week's trade of the week, is starting to respond to what I hope to be renegotiation of its contract with AAMC. The shares are +$0.50, or about 2.5%  

RESI and MONIF

Several subscribers have asked me when Altisource Residential (RESI) might announce whether it has come to an agreement on the incentive fee to Altisource Asset Management (AAMC). My notes suggest earnings will be out during the week of Feb. 23, so ...

Today's Trades

Early this morning, I covered my SPY and QQQ shorts. Later in the day, I covered my IWM short. I sold my tag end positions in Altisource Asset Management (AAMC), Altisource Portfolio Solutions (ASPS) and Ocwen (OCN). I added more aggressively to my ...

Ocwen Complex Moves

As promised, I sold my tag ends in Altisource Portfolio (ASPS), Altisource Asset (AAMC) and Ocwen (OCN). I have added to my Home Loan Servicing (HLSS) and Altisource Residential (RESI) holdings.  

Back to Market Neutral

I have taken down my index shorts in premarket trading this morning and I have moved to back to market neutral from 8% net short. And as I mentioned yesterday I will be out of Altisource Asset Management (AAMC), Ocwen (OCN) and Altisource Portfolio ...

Today's Trades

We are now at the day's lows. The Dow Jones Industrial Average is currently 250 points lower than it was at the mid-morning levels on Friday, following the short-lived jobs-related ramp. After selling off some Altisource Portfolio Solutions (ASPS), ...

Assessing the Outlook for the Ocwen Complex

Buttercup: You mock my pain! Man in Black: Life is pain, Highness. Anyone who says differently is selling something.  -- The Princess Bride Let's start the week by summarizing my thoughts of the Ocwen (OCN)-related complex. Ocwen, Altisource Portfol...

Mapping a Strategy in the Ocwen Complex

For reasons expressed in an upcoming and lengthy fundamental analysis (that I am still crafting), I am making changes in my portfolio weightings in the Ocwen (OCN) complex of companies. I plan to add to Altisource Residential (RESI) (a new long) at ...

Raising Exposure to Ocwen Complex

"Dougie, you are a glutton for punishment." -- Grandma Koufax As can be gathered by my posts, I have been doing a lot of thinking about the Ocwen (OCN) complex. As a result, I have established new and SMALL positions in Altisource Residential (RESI)...

Low Confidence in ASPS and OCN

I am only buying small in Altisource Portfolio Solutions (ASPS) and Ocwen Financial (OCN) as it is hard to have confidence in companies that have had such an awful capital allocation strategy over the last several years: * ASPS repurchased and paid ...

Largest Long/Short

My largest individual long buy in the last two weeks: AAMC (its speculative!) My largest individual short sale in the last two weeks: MSFT (but has been covered!) My largest individual long ETF in the last two weeks: TBF (but has been sold!) My larg...

Quick Note on AAMC

"One More Thing" -- Lt. Columbo. Altisource Asset Management (AAMC) has traded nearly 100,000 shares today -- that is approximately, by my calculations, 10% of the float. It had a broad price range. My "gut" is that someone could be accumulating thi...

A Few Unrelated Observations

Gold is now +$186 and has regained more than half of yesterday's loss. GLD, added to at $120.60 yesterday, is now +$1.50 to $122.30. I read the JPMorgan report on AAMC and I don't see a termination of the contract (for a number of reasons including ...

Rates and Financials

The 10-year yield now stands at 1.67%. This is quite negative for banks and selected financials ( e.g., life insurers). Altisource Asset (AAMC) is trading lower and Altisource Residential (RESI) higher on a JPMorgan report suggesting that the compan...

Today's Trades

I added to AAMC, TWTR and GLD, all on weakness. I have covered my MSFT short.

My Moves

I have no current intention to cover my short positions.  I paid $36.15 for more Twitter (TWTR), I am bidding $121 for GLD an $47 for Citi (C). I am also buying Altisource Asset (AAMC) under $200.

Today's Trades

In terms of individual stocks, I was hit on my Citigroup (C) bid at $48.24, added to Oaktree Capital (OAK) at $53.63 and increased my Altisource Asset Management (AAMC) long at $229.90. I initiated a United States Oil ETF (USO) long at $17.02 and co...

Back to Market Neutral

I have covered some more SPYs and QQQs and I am now back to market neutral. I have added further to USO (oil long), AAMC, C and OAK. And did I mention I really like closed-end municipal bond funds, an oasis is a sea of chaos, lower stock prices and ...

Covering 50% of My Remaining MSFT Short

The Street, full of a lot of Microsoft bulls, is amazingly quiet on this name. The shares are now down by nearly $5 from yesterday's close and I am covering another half of my short rental, so I am left with one quarter of my initial short now The o...

Portfolio Update

I start the day net short, at the highest level in several weeks. I am short SPY, QQQ and IWM (having added yesterday to the first two) in the world of ETFS and MSFT, CAT and selected financials (life insurance). On the long side, by far my dominant...