Ocwen Financial Corporation (OCN)

37.74
NYSE
Prev Close 38.16
Day Low/High 37.00 / 38.07
52 Wk Low/High 22.34 / 41.92
Exchange NYSE
Shares Outstanding 9.20B
Market Cap 351.10M
P/E Ratio 260.70
Div & Yield N.A. (N.A)

Stocks to Buy at the Margin

Here are my candidates. It is hard to find (at least for me!) stocks to buy at the margin. But, Bon-Ton (BONT), Oaktree (OAK), Ocwen (OCN), Radian (RDN) and Baxter (BAX) are my candidates.

Ocwen Follows Through

A good thing. Nice follow-through, thus far, in Ocwen's (OCN) shares. Here is Gary "U.S. Bonds" Berman's technical take.

Ocwen and Its Kin Trade Higher

I have been steadily buying Ocwen on weakness. The entire Ocwen (OCN) complex, save Altisource Residential (RESI), is trading higher today following the gag order announcement this week. I have been steadily buying Ocwen on weakness as I have posted...

Bidding for These Four

Here's where I bought them. I am bidding for Baxter (BAX) at $73.75, Bon-Ton (BONT) at $10.10, Potash (POT) at $35.50 and Ocwen (OCN) at $34.85.

No Gag Orders From Ocwen

Perhaps this is the first step in appeasing New York state's Lawsky. Break in: Ocwen (OCN) has agreed not to use gag orders for borrowers seeking mortgage modifications. (I wrote about this previously.) Perhaps this is the first step in appeasing Ne...

Ocwen Will Catch Up

To Nationstar, that is. The outperformance by Nationstar (NSM) relative to Ocwen (OCN) continues. My view is that Ocwen will play catch-up.

Ocwen Lags Nationstar

On a one-month and three-month basis. Ocwen (OCN) is lagging competitor Nationstar (NSM) on a one-month and three-month basis.

Recommended Reading

Ocwen (OCN) by the charts.  I wanted to highlight a technical look on Ocwen Financial from Gary "US Bonds" Berman.

Look for a Pop in Ocwen

Look for a Pop in Ocwen

The stock has triggered a long-term oversold signal, which has led to rallies in the past.

What Went Wrong in IGT, Part 2

What Went Wrong in IGT, Part 2

In short, averaging down is one of the riskiest possible actions.

What Went Wrong in IGT, Part 1

What Went Wrong in IGT, Part 1

What can we learn from this failed trade?

The Charts Don't Always Do the Dougie

The Charts Don't Always Do the Dougie

Sometimes our positioning in a stock influences how we view its chart.

Like, Gag Me With a Spoon

The notion of a gag order is ridiculous and so has the impact been on Ocwen's shares. This week Ocwen (OCN) faced additional potential charges that its loan modifications included a gag order in which the homeowner was not allowed to disclose to any...

The Charts Don't Always Do the Dougie

The Charts Don't Always Do the Dougie

Sometimes our positioning in a stock influences how we view its chart.

Ocwen Buying Back Its Own Shares?

I suspect as much. As I mentioned in the comments section late last week, I suspect Ocwen (OCN) is actively buying its own shares in the market post the Board of Directors meeting last Wednesday.

From the Street of Dreams

Jefferies downgrades Nationstar and Walter Investment. Mortgage servicers getting whacked on downgrades of Nationstar (NSM) and Walter Investment (WAC) at Jefferies.

Financial Lifeboats

Northwest Bancshares and Ocwen. Northwest Bancshares (NWBI) and Ocwen (OCN) are green in a sea of red. A good thing.

Heavy Call Trading in Ocwen

Specifically, the May $32.50 and $35 calls.  Big volume in Ocwen (OCN) May $32.5 and $35 calls today.

Shares Up Ahead of Ocwen Board Meeting

I dont' see any news. Ocwen (OCN) has a board meeting today. Its shares just ran up a bit, but I don't see any news.

Making Bids

For Bon-Ton, GM, Ford, Monitise and Ocwen. I am bidding $10.50 for more Bon-Ton (BONT), $34.60 for more General Motors (GM), $15.55 for more Ford (F), $1.03 for for more Monitise (MONIF) and $33 for more Ocwen (OCN).

Ocwen Still Underperforms

The compnay possesses the critical mass, best efficiency and capital ratios in the mortgage-servicing sector. Ocwen (OCN) continues to underperform both absolutely and relative to its peers Walter Investment (WAC) and Nationstar Mortgage (NSM). This...

Lowered Cost Basis for Ocwen

It's now about $34. With this week's purchases, I have lowered my cost basis on Ocwen Financial (OCN) to about $34.

Ocwen Will Catch Up

Its competitors are way up today. Ocwen's (OCN) competitors, Walter Investment (WAC, up $5) and Nationstar (NSM, up $2.50), are way up today. My guess is that Ocwen catches up in the near term.

This Morning's Buys

So far, I added to my Ocwen, Monitise and TBF longs. I have added to my Ocwen (OCN), Monitise (MONI.L/MONIF) and ProShares Short 20+ Year Treasury (TBF) longs this morning. In the case of Ocwen, competitor Nationstar (NSM) is up $2.35 after its earn...

Staying Nimble

Here are some of my most recent trades. I am picking small at Bon-Ton Stores (BONT), Citigroup (C) and Ocwen (OCN) longs and shorting more Yahoo! (YHOO).

Merciless Market

Short in May and go away. The market is clearly transforming from a forgiving market to an unforgiving market. Case in point: Ocwen (OCN). Short in May and go away.

Ocwen Still Sliding Down

I added yesterday and will continue to buy on weakness. Ocwen (OCN) continues to weaken, caught in the crosshairs of the government's involvement in the mortgage-servicing business. I added yesterday and will continue to buy on weakness, as the shar...

Added to Ocwen Long

At $33.78. I just added to my Ocwen (OCN) long at $33.78.

Reward Stills Outweighs Risk in Ocwen

The run-off value of the company is sufficient to limit downside risk. I am still working on an update to my Ocwen (OCN) analysis. My current view, which I will elaborate upon in the next few days, is that while the upside to my price expectations h...

Busy Friday

I have four separate research meetings today. A heads up to all: I have four separate research meetings (physical and telephonic) starting at noon today. This includes Ocwen (OCN) and three new ideas. I will try to get a lot of stuff out this mornin...