Ocwen Financial Corporation (OCN)

[meadow2009]

I think there are multiple problems this company has to deal with and which will scare away potential new investors

1) It is now a penny stock, how long will the NYSE keep them listed
2) Two directors did not stand for reelection, why? It is rare that a director does not run again and chooses to opt out. Neither were near retirement age so, why did they not want to stand for reelection.
3) Another SEC investigation. What company undergoes such scrutiny?
4) Can you trust the internal numbers given the restatements that were required?
5) With the SEC looking at Altisource will the calculation of fee charged or earned have to be recalculated or a change in formula occur that could effect future earnings or cash flows?

While, management can explain all they want,all of the above taken in its entirety is not good.

If one of the largest shareholders sold stock months ago for less than $6 a share per SEC filings, what does that say about faith in the Company.

Until the Company has two consecutive quarters of growth, slash in overhead expenses, improving cash flows and no regulatory complaints or inquiries this is dead money.

Naturally, management posts nothing on their web site giving comfort to the shareholders. Are they thinking a class action suit is in the making?