Dividend speculation | NRZ Message Board Posts

New Residential Investment Corp.

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Msg  3038 of 3136  at  9/19/2019 9:48:27 PM  by

Berner


 In response to msg 3035 by  stonergreg
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Re: Dividend speculation

The addition of preferred stock (which is trading above par) creates an interesting opportunity for NRZ management to modify their capital structure and reduce their WACC (weighted average cost of capital). I believe the second preferred issue has given NRZ the capacity to displace higher cost common shares via buy backs. I think Michael N. Is wicked smart. Using the preferred shares to buy back common shares at 90% or less of book value is a no-brainer. Short term, it will boost EPS and book value. Long term, it should reduce the cost of capital for NRZ which would support future secondary offerings and growth.


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Replies
Msg # Subject Author Recs Date Posted
3039 Re: Dividend speculation Margin4error 1 9/20/2019 10:25:16 AM
3040 Re: Dividend speculation - NAV? E_K_S 0 9/20/2019 10:29:36 AM


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