Replies to post #577 on Rithm Capital Corp (RITM)

[Enterprising Investor]

New Residential Investment Corp. Announces Fourth Quarter and Full Year 2019 Results (2/06/20)

https://www.businesswire.com/news/home/20200206005334/en/New-Residential-Investment-Corp.-Announces-Fourth-Quarter

[Enterprising Investor]

New Residential controls call rights on over $100 billion in UPB of mortgage collateral, representing about 36% of the Non- Agency market.

During the C-call, an analyst asked about the profit potential.

Answer: $100 billion, 2 points, divided by 400 million shares results in $5 per share over time.