Altisource Portfolio Solutions S.A. (ASPS)

9.85
NASDAQ
Prev Close 8.43
Day Low/High 8.21 / 9.89
52 Wk Low/High 6.00 / 23.58
Exchange NASDAQ
Shares Outstanding 15.63B
Market Cap 131.70M
P/E Ratio N/A
Div & Yield N.A. (N.A)

Latest News

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...

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)...

Today's Trades

I have added small to longs in OCN (at $7) ASPS (at $21.85). I have reinstated my shorts in SPY ( at $205.77) and QQQ  (at $103.47) I have added to my Apple short rental (at $119.91) I have scaled out of a large portion of my TWTR long (at $42.15) I...

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 ...

I Like This Filing

Here is an excellent filing and update of operations/liquidity by Ocwen Financial. This is well done and helpful to investors. Based on this filing, I will be adding to OCN and ASPS.

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...

OCN and ASPS Trade Details

As I mentioned, I sold out the ASPS and OCN I purchased early Friday evening in premarket trading. Ocwen traded as high as $9.35 and ASPS as high as $27 in premarket trading this morning. I am bidding $22 to get back into ASPS and under $7 for Ocwen...

Trading OCN and ASPS

I just took gains in shares I picked up late Friday. I have been giving the market some berth to rally into the ECB announcement. But on Friday (and after Thursday's sharp rise in the averages) I moved back to a bit more substantial aggregate net sh...

My Assessment of ASPS, OCN

I can't give them the benefit of the doubt. The Altisource Portfolio Solutions (ASPS) conference call was essentially in line (slightly higher) with my expectations, which I alerted everyone to last week and again on Friday morning (premarket). The ...

The Trader Daily

The Trader Daily

The collapse in copper should be worrying traders.

Altisource Call Details

The following details are quoted from a press release from Altisource Portfolio Solutions (ASPS).  On Friday, January 16, 2015, Altisource Portfolio Solutions will host a conference call to discuss recent events and strategy. A presentation will als...

Altisource Conference Call

My understanding was that Altisource Portfolio Solutions (ASPS) was considering a conference call with investors to update on the company's outlook in January. That could include the company's plan to downsize itself, in light of the inability of Oc...

Ocwen Rating, Positions Update

I am told that Keefe, Bruyette & Woods reiterates its $14 target on Ocwen (OCN), and Sterne Agee is defending Home Loan Servicing Solutions (HLSS) now. I don't receive research from either firm, so I can't confirm this for sure. I continue to hold s...

More From the Trash Heap

More From the Trash Heap

A small group of small-caps divided domestically and internationally.

ASPS Plans to Discuss Ocwen Settlement

A step in the right direction? I have been informed that Altisource Portfolio Solutions (ASPS) plans a press conference within the next two weeks to discuss the business ramifications of the settlement at Ocwen Financial (OCN). Hopefully, that is a ...

Best Ideas Reshuffle

I am making several changes in my Best Ideas list. Given the uncertainty (and market reaction, which leads me to stop some of the losses) caused by the settlement decision of New York State's DFS, it is hard to justify ASPS and OCN inclusion in the ...

Trying to Move Past It

I am sharing the pain. I am trying to move past the disasters of OCN and ASPS today, though I have to admit it is difficult and, to be honest, I am sharing the pain. I am still, as I suggested earlier, parsing through the information (and observing ...

Ocwen Stabilization?

I am sitting tight for now. Last night's Ocwen (OCN) conference call could stabilize the complex this morning. The settlement with the New York State Department of Financial Services closes a chapter of growth for Ocwen, but it doesn't necessarily e...

More Thoughts on Ocwen

Something to chew on. While I am awaiting for the Ocwen (OCN) conference call I had a thought I wanted to share with all of you. I have suggested to the management of Altisource (ASPS) that they can stabilize and hopefully improve the company's shar...

Surprised by Large Decline in ASPS

I've added on the weakness. As I await the Ocwen Financial (OCN) conference call at 5 p.m., the magnitude of the decline in shares of Altisource Portfolio Solutions (ASPS) is a shock to me as this capital light company is likely going to earn $6/sha...

Buying OCN, ASPS on Dip

I'm taking advantage of the overreaction. While cognizant of some of the surprises contained in the Ocwen (OCN) settlement with the New York State DFS, I have added small to ASPS (at $38.00) and OCN (at $16.60). In my view, at these price levels the...

More on the Ocwen Saga

From Piper on Ocwen (OCN) et al: This morning, the NY DFS announced a settlement with OCN which contains four significant impacts: Bill Erbey will step down as the chairman of OCN, ASPS, RESI, HLSS and AAMC. While we thought Bill Erbey may step down...