Dividend speculation | NRZ Message Board Posts

New Residential Investment Corp.

  NRZ website

NRZ   /  Message Board  /  Read Message



Rec'd By
Authored By
Minimum Recs
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  3039 of 3663  at  9/20/2019 10:25:16 AM  by


 In response to msg 3038 by  Berner
view thread

Re: Dividend speculation

I'd be surprised to see a buyback now at ~90% of BV. I still think NRZ has some choppy waters to navigate ahead, due mainly to falling interest rates (which creates worries in relation to prepayment risk). Would it be a "no brainer", as you state, to buyback shares at ~90% of BV? Sure. Would it be smarter to buy them back at 85%, 80%, 70%, etc.? Definitely. As stated, I believe there are choppy waters ahead and I think MN would agree. If they have bought back a small portion of shares I don't think it really means much besides taking a small gain. If they've spent a large amount of their allowance to buyback shares I would consider it telling that MN believes rates are approaching a bottom.

I don't believe rates are approaching a bottom, and due to MN's comments on the most recent quarterly call I think he agrees. My guess is NRZ purchased 0 shares during the most recent decline. I'm not saying they won't in the future if the stock price slips again (or they find themselves with too much cash).

     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 1     Views: 191
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
Financial Market Data provided by