Front Yard Residential Corp. Class B (RESI)

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Grading the Daily Bear Charts for July

Grading the Daily Bear Charts for July

The stuttering market provided some bigs wins in energy for the bears.

Bear Chart of the Day: Altisource Residential

Bear Chart of the Day: Altisource Residential

RESI's yield may be attractive, but the stock action is not.

The Tortoise and the Hare

I have gotten a lot of questions as to why, if I am negative on the U.S. stock market, I continue to short the rips and cover the dips? Why don't I just stick with an investment short in the market? Let me again explain. Thus far, the market's advan...

Another Look at Ocwen, RESI

Altisource Asset Management (AAMC) and Altisource Residential (RESI) finally announced a restructured management agreement, which approximated my previous guesstimate. Though I am no longer involved in RESI or any other affiliate in the Ocwen (OCN) ...

Cleaning House

I was active yesterday. I sold out my Deere (DE), Altisource Residential (RESI) and Bon-Ton Stores (BONT) longs. And I added to my net short book, making SPY (at $207.80) my trade of the week. I observed that a panic could develop in the oil patch a...

Out of RESI; Adding to SPY

I am calling an audible and I am selling out the balance of my RESI long. The more I think about it, the less attractive the reward vs. risk is in the face of the stock's nice climb, both absolutely (+17%) and relative to a flat market. I now have z...

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 Call Delayed

As mentioned in Columnist Conversation Altisource Residential (RESI) has delayed its conference call to finalize it's management incentive contract with AAMC. I had previously speculated that this would occur . Resultingly, RESI is ripping (+5%) on ...

A Portfolio Update

I made no changes to my portfolio Friday. I am cautious on the market's outlook, as I believe the market has climaxed and is in a topping process; I remain net short stocks and bonds. As I wrote last week on stocks and bonds, I am at the polar oppos...

Trade Updates

I am bidding below the market for more Potash (POT) and Oaktree Capital (OAK). I am offering above the market to short more Lincoln National (LNC), MetLife (MET) and Microsoft (MSFT). I live at $20.50 on the buyside for Altisource Residential (RESI)...

Making Some Trades Today

I added small to Altisource Residential (RESI) at $20.57. I added small to these shorts:  Lincoln National (LNC), $58.07; MetLife (MET), $51.56; and iShares Nasdaq Biotechnology ETF (IBB), $341.35.

Buying Into RESI

Made the first buy of the day -- Altisource Residential (RESI) at $20.50.

Come on Feel the RESI 'Noise'

Altisource Residential (RESI) is feeling some pain (along with the rest of the market) after an outsized move in the last two weeks. I think it's just "noise." I live at $20.50 on the buy side for more.

Mr. Market Is Happy; I Remain Bearish

"It might seem crazy what I'm about to say Sunshine she's here, you can take a break I'm a hot air balloon that could go to space With the air, like I don't care baby by the way." -- Pharell Williams, Happy Like the Pharell Williams song, Mr. Market...

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.

Market Narrative Little Changed

Thursday's market action, in which the "N's" (Nasdaq stocks) comfortably beat the "S's" (S&P 500 stocks), did little to change the market narrative (of buying the dips). Apple (AAPL) rebounded from Wednesday's uncharacteristic loss and most of the H...

Some Midday Observations

Like Bruce Willis, Apple's shares don't die hard or quickly. (The shares are trading +$1.63 after being lower earlier in the day.) The media event invitation for early March (watch) should be no surprise. I plan to add to my short at about $131/shar...

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...

Today's Trades

Aside from my typical trading activity (which at times gets frenetic!), I have sold a third of my Altisource Residential (RES) long and I initiated a Deere (DE) long today.

'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...

Altisource Residential Jumps

Nice move higher (up about $0.60 per share to $19.70) on my Trade of the Week, Altisource Residential (RESI) off the announcement that Home Loan Servicing Solutions (HLSS) is being acquired

Trade of the Week Update

My Trade of the Week remains in place: Shorting the Nasdaq for the reasons mentioned yesterday. My cost basis (on average selling price Thursday) was about $107.47. I hope it will do as well as our recent Trade of the Week, which remains in my portf...

Sold Rest of My HLSS

I have sold the balance of my Home Loan Servicing Solutions (HLSS) above $17.10 for a nice and quick gain. The only stock that I am long in the Ocwen (OCN) complex is now Altisource Residential (RESI). RESI is up again this morning -- and now stands...

A Little Housekeeping

Despite a slight uptick in bond yields, closed-end municipal bond funds are continuing higher this morning. Importantly, I added to all 14 holdings Wednesday. Late Wednesday I added to my five regional banks across the board. I neglected to mention ...

RESI Continues to Climb

Altisource Residential (RESI), last week's "Trade of the Week," continues to climb in a steady fashion -- trading over $19 now.  There was no "Trade of the Week" this week!