Ditech Holding Corp fka DHCPQ

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This author is totally clueless! He says the pps is trading at 60 cents today. Ha!

“Ditech Holding Corp., having recently emerged from bankruptcy protection, late Tuesday named Jeffrey Baker interim CEO, replacing Tony Renzi, who has left the building. Baker was elevated from his post as president of Reverse Mortgage Solutions, Ditech’s reverse mortgage division. He also held the title of chief operations officer of Ditech, a position he gained in December. A statement on the promotion omitted Baker’s compensation plan. Renzi was earning $5 million a year when he left…
Ditech was formerly known as Walter Investment Management Corp. The name change coincides with its emergence from bankruptcy protection. However, Ditech’s share price continues to suffer. As IMFnews went to press, its common was trading for $0.60, down 10 percent on the day.”

https://www.insidemortgagefinance.com/imfnews/1_1298/daily/pershing-square-now-underwater-on-its-gse-investments-1000044902-1.html