Ocwen Financial Corporation (OCN)

23.11
0.14 0.61
NYSE
Prev Close 22.97
Open 23.34
Day Low/High 22.50 / 23.34
52 Wk Low/High 17.76 / 41.92
Volume 45.52K
Exchange NYSE
Shares Outstanding 9.25B
Market Cap 212.30M
P/E Ratio 260.70
Div & Yield N.A. (N.A)
What to Watch for in 2013

What to Watch for in 2013

Nearly a dozen Real Money authors offer their 2013 stock picks and forecasts in this special year-end piece.

Don't Believe the Hype

Don't Believe the Hype

America is not going over the fiscal edge, as the media's fear-driven rhetoric would have us believe.

Don't Believe the Hype

America is not going over the fiscal edge, as the media's fear-driven rhetoric would have us believe. "Disaster has a way of not happening." -- Byron Wien, Vice Chairman of Blackstone Advisory Partners The media's obsession with fiscal cliff fears i...

Bummer

I would be adding now, but the steady drip is, frankly, dispiriting. Mr. Market has resumed his free-fall. Under normal circumstances, I would be adding to Ocwen (OCN), CSX Corporation (CSX), Procter & Gamble (PG) and the like, but I am being patien...

Ocwen When?

I am a buyer under $34. In response to emails from subscribers, I am a buyer of Ocwen (OCN) under $34.

Best Value Plays

Here is where I find the greatest value in certain sectors.  Below is a breakdown of my favorite value stocks per sector Large-cap: Procter & Gamble (PG) Defensive: Bristol-Myers Squibb (BMY) Financial: Morgan Stanley (MS) Specialty financial: Ocwen...

More on Ocwen

In a Form 4 with the SEC back several months ago, Ocwen's (OCN) chairman received 2 million options. I would carefully read the terms of the options (particularly the last two sentences, bolded below), and you will recognize that the vesting is base...

Recommended Viewing (Part Deux)

Run, don't walk, to watch Julian Robertson discuss Ocwen. Here is Julian Robertson on Ocwen (OCN) -- at the time, shares were $5 higher than they currently are.

Repurchased Ocwen

The more I think of it, the more I want to come back into the fold. I am back buying Ocwen (OCN). Though my entry point in my recent "Levels" post was below $32, the more I think of it, the more I want to come back into the fold. I would pay particu...

ResCap Winner Declared

It's Ocwen. Break in: Ocwen (OCN) wins $3 billion acquisition of ResCap's loan servicing auction. The stock is gapping higher, and its sister, Altisource Portfolio Solutions (ASPS), is trading $19 higher now.

Bidding Too High for Nationstar?

Reportedly, the bidding for ResCap's mortgage book is reaching book value, which would not be accretive to earnings. Nationstar Mortgage Holdings (NSM) is competing against Ocwen (OCN) for the ResCap mortgage book. Nationstar is down by over $3, or ...

There Is No Secret Sauce (Part Deux)

The only thing certain is the lack of certainty. As a rejoinder to my last post and to my recent "There Is No Secret Sauce" post, I see too many in our comments section (and elsewhere in the business media) confident and assured in their near-term m...

Ocwen Financial downgraded at KBW

Ocwen Financial numbers raised at KBW

There Is No Secret Sauce

There Is No Secret Sauce

There is no quick answer to capture the holy grail of investment results.

In a Meeting

I'm looking for my next big investment. In pursuit of the nesxt Ocwen (OCN)/Altisource Portfolio Solutions (ASPS), I will be out between 10:30 a.m. EDT and 12:30 p.m. EDT, meeting with management who might fulfill that objective.

From the Street of Dreams

Altisource and Ocwen get a bump from Piper. Piper raises earnings estimates and price targets for Altisource Portfolio Solutions (ASPS) and Ocwen (OCN). Altisource's 2013 estimate rises by $1.30, to $6.55, and its price target goes from $95 to $114....

There Is No Secret Sauce

There is no quick answer to capture the holy grail of investment results. Yesterday Tim "Not Phil or Judy" Collins and I went back and forth on the merits of technical analysis. (Here are my comments, and here are Tim's.) Let me start today with an ...

Ocwen and IBM to Acquire ResCap?

Rumor has it. High above the Alps, my gnome is hearing that Ocwen Financial (OCN) might team up with IBM (IBM) to acquire ResCap.

Ocwen Out-Apples Apple

(So far.) Speaking of Apple (AAPL), check out Ocwen's (OCN) year-to-date performance vs. Apple.

More From the Street of Dreams

Ocwen price target raised at Compass. Compass raises the price target of Ocwen Financial (OCN) to $33.

From the Street of Dreams

Ocwen gets a raise from Piper Jaffray. Piper Jaffray raises estimates for Ocwen (OCN) and price target from $26 to $32.50 this morning.

Out of Aforementioned Longs

Again, the list includes MetLife, Hartford, Prudential, Lincoln, Altisource, Ocwen and Chubb. Housekeeping item: I am out of all the longs previously mentioned as sales candidates (having reached their price targets) in a column earlier this morning...

Selling Some Stocks Soon

The list includes MetLife, Hartford, Prudential, Lincoln, Altisource, Ocwen and Chubb.  A number of stocks have now fulfilled my price objectives, and I will be sellling (on strength) these names that I still own. These include MetLife (MET), Hartfo...

Heading to the Islands

 Ocwen's mortgage servicing is now mentioned as a Virgin Islands corporation. In an 8K filing today, Ocwen (OCN) has outlined a new five-year support services agreement with Altisource (ASPS). (This replaces the transition agreement that occurred ri...

From the Street of Dreams

Altisource target raised. From the Street of Dreams, Piper Jaffray raises its price target for Altisource (ASPS) to $95 from $79. Piper cites many of  the reasons why I have been recommending the company's shares in my Diary: increased services made...

More From the Street of Dreams

Merrill Lynch raises Ocwen's price target, adds Och-Ziff to U.S. 1 list., Reflecitng higher margins and increasing visibility, Mother Merrill/Brother Bank of Amercia raises Ocwen's (OCN) price target from $18 to $25. Och-ZIff (OZM) is added to U.S. ...

Ocwen and Altisource Are Outstanding

Both stocks continue to run. Our Ocwen (OCN) and Altisource (ASPS) positions continue to be the "world's fair." I mentioned both stocks in this week's Barron's interview.

Ocwen Hits New High

I am not selling. Ocwen (OCN) is up 8%, to a new high. I am not selling.

Ocwen Is on the Mark

The company reported in-line earnings. Ocwen's (OCN) earnings were in line.