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ThSeeker

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ThSeeker

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Re: None

Thursday, 04/20/2017 10:11:03 AM

Thursday, April 20, 2017 10:11:03 AM

Post# of 724
Summary -NRZ seekingalpha $21 target

New Residential Investment's shares are soaring.

That said, more upside looms around the corner as the company remains undervalued.

Shares should sell for a nine percent yield, given the quality of New Residential's investment portfolio.

Investors pay ~7x run-rate core earnings and get an ~11 percent yield in return.

I see a fair value of ~$21, leaving ~18 percent upside on the table.

https://seekingalpha.com/article/4063668-new-residential-investment-high-can-fly?app=1&auth_param=18o5ds:1cfh6ti:8e5e7a901edbcafba8fe57addba9c1d9&uprof=45&dr=1#alt1

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.

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