GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Walter Investment Management Corp. (WAC) [hlAlert]

Rating:
Buy WAC
down 1.03 %

Hanover Capital Mortgage Holdings Inc. (WAC) rated Buy with price target $17 by Davenport

Posted on: Thursday,  Aug 26, 2010  1:25 PM ET by Davenport

Davenport rated Buy Walter Investment Management Corp. (NYSE: WAC) on 08/26/2010, when the stock price was $16.35. Since
then, Walter Investment Management Corp. has lost 1.04% as of 01/11/2016's recent price of $16.18.
If you would have followed this Davenport's recommendation on WAC, you would have lost 1.03% of your investment in 1964 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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/26/2010 1:25 PM Buy
None
16.35 17.00
as of 12/31/2010
1 Week up  0.05 %
1 Month up  4.98 %
3 Months up  3.54 %
1 YTD up  10.76 %

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy