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Walter Investment Management Corp. (WAC) [hlAlert]

Neutral WAC

Walter Investment Management Corp. (WAC) downgraded to Neutral by Compass Point

Posted on: Friday,  Aug 9, 2013  8:25 AM ET by Compass Point

Compass Point rated Neutral Walter Investment Management Corp. (NYSE: WAC) on 08/09/2013. Previously Compass Point rated Buy Walter
Investment Management Corp. (NYSE: WAC) on 03/20/2013., when the stock price was $34.71. Since then, Walter Investment Management Corp. has gained 18.01% of its value until Compass Point rated WAC Sell on 08/09/2013, when the price was $40.96. .

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.

Compass Point is a financial services firm comprised of specialized professionals in the areas of research, sales, trading and investment banking. We seek to be our client's advisor of choice.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/26/2014 9:25 AM Sell
18.80 14.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -4.78 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/15/2014 12:00 AM Sell
28.81 23.00
8/9/2013 8:25 AM Hold
3/20/2013 9:25 AM Buy
34.71 42.00
1/8/2013 11:25 AM Buy
48.74 52.00
9/19/2012 8:25 AM Buy
37.22 46.00

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