PHH Corp (NYSE:PHH)

CAPS Rating: 4 out of 5

The Company is a outsource provider of mortgage and fleet management services operating in the following business segments: Mortgage Production, Mortgage Servicing and Fleet Management Services.

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2
Player Avatar tom2727 (< 20) Submitted: 1/9/2008 12:15:58 PM : Outperform Start Price: $15.46 PHH Score: +9.17

Fleet business is a good stable business that I feel is worth more than the $15/share that the stock is trading at right now. Mortgage business may have some bad times ahead, but they don't have any significant exposure to the sub-prime debacle. Good upside option if housing rebounds sooner than expected. Also, they just got a cool 50 mil from the Blackstone back-out (more than 5% of current market cap). I think this one is a good opportunity for those willing to break from the herd. Check out the recent write up on Value Investor's Club.

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