Ocwen Financial Corporation (OCN)

[56Chevy]

Kyle Bass adds OXY, OCN and KS to Portfolio

[....]

Ocwen Financial Corp (OCN)

Bass purchased 3,263,374 shares of OCN at an average price of $21.65/share. OCN consists of 15.2% of his overall portfolio.

Ocwen Financial Corp was organized in 1988 in Florida as a financial services holding company that is engaged in the servicing and origination of mortgage loans.

The stock is currently trading at $9.10 and the intrinsic value calculator gives the stock a fair value of $17.41, with a 48% margin of safety, which indicates this stock may be undervalued. We give the company a Business Predictability rating of 2 stars out of 5. Businesses with a 2 star rating typically have an overall gain of 6% per year.

Over the past 12 months, the average Revenue per Share Growth Rate was 30.70% per year and over the past five years, Growth Rate was 31.90% per year, which shows the company has predictable revenue and earnings growth. The current P/S ratio is 0.57.

[....]

http://www.gurufocus.com/news/317247/kyle-bass-adds-oxy-ocn-and-ks-to-portfolio

Marker:
Ocwen Financial Corp (OCN)
$10.40 up 0.8 (8.33%)
Volume: 22,393,508