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Enterprising Investor

02/06/20 1:51 PM

#579 RE: Enterprising Investor #577

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
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Enterprising Investor

02/06/20 2:29 PM

#581 RE: Enterprising Investor #577

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.