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Ocwen Financial Corporation (OCN) [hlAlert]

Rating:
Buy OCN
down 81.80 %

Ocwen Financial Corporation (OCN) rated Buy by Sidoti

Posted on: Monday,  Feb 4, 2013  11:25 AM ET by Sidoti

Sidoti rated Buy Ocwen Financial Corporation (NYSE: OCN) on 02/04/2013, when the stock price was $39.36. Since
then, Ocwen Financial Corporation has lost 81.81% as of 12/11/2015's recent price of $7.16.
If you would have followed this Sidoti's recommendation on OCN, you would have lost 81.8% of your investment in 1040 days.

Ocwen Financial Corporation (OCN) is an asset manager and business process solutions provider specializing in loan servicing, special servicing and mortgage services. The two lines of business for the Company are Ocwen Asset Management (OAM) and Ocwen Solutions (OS). The Company operates in six business segments: servicing, loans and residuals, asset management vehicles (AMV), mortgage services, financial services and technology products. In addition to the residential servicing business, OAM includes the equity investments in asset management vehicles and the remaining investments in the subprime loans and residual securities. In addition to the unsecured collection business, OS includes the residential-fee based loan processing businesses, the technology platforms and an interest in the BMS Holdings, Inc.

Sidoti
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/4/2013 11:25 AM Buy
None
39.36
as of 12/13/2013
1 Week down  -2.96 %
1 Month up  7.85 %
3 Months up  0.03 %
1 YTD up  40.52 %

(*) Stock Price at the time of the recommendation.
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