Walter Investment Management Corp. (WAC) rated Buy with price target $52 by Compass Point
Compass Point rated Buy Walter Investment Management Corp. (NYSE: WAC) on 01/08/2013. Previously Compass Point rated Buy Walter Investment Management Corp. (NYSE: WAC)
on 09/19/2012., when the stock price was $37.22. Since then, Walter Investment Management Corp. has gained 2.04% as of 06/19/2013's recent price of $37.98. If you would have followed the previous Compass Point's recommendation on WAC, you would have gained 2.04% of your investment in 273 days.
Hanover Capital Mortgage Holdings, Inc. is a specialty finance company whose principal business is to generate net interest income on its portfolio of mortgage loans and mortgage securities backed by mortgage loans on a leveraged basis. The Company avoids investments in sub-prime or Alt-A loans or securities collateralized by sub-prime or Alt-A loans. It leverages its purchases of mortgage securities with borrowings obtained primarily through the use of sales with agreements to repurchase the securities. The Company conducts its operations as a real estate investment trust (REIT) and has one primary subsidiary, Hanover Capital Partners 2, Ltd. (HCP-2). In April 2009, Walter Industries, Inc. announced the completion of the separation of its Financing business and the merger of that business with Hanover Capital Mortgage Holdings, Inc. to create Walter Investment Management Corp.
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