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Meeting With ManagementBrief clip from KBW (Bose George) report dated yesterday.... "On Friday, we had a meeting with senior management at New Residential (NRZ) including Michael Nierenberg, CEO and Nick Santoro, CFO. Primary topics of discussion included mortgage servicing acquisition opportunities, returns on MSRs, the clean-up call opportunity, and other uses of capital. We continue to believe the company remains well positioned to maintain a stable $0.50 quarterly dividend and protect book value. We reiterate our Outperform rating and believe the shares remain very compelling trading at 1.02x book value, which is largely in line with large cap mortgage REITs." |
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Msg # | Subject | Author | Recs | Date Posted |
2280 | Re: Meeting With Management | delt1970 | 0 | 12/3/2018 1:32:12 PM |