+ Watch DJSP
on My Watchlist
Hoping for $1+ ... Babo and UltraLong
dead cat bounce
This is a great company that has limited down side, but tremendous upside.
Seems promising, purely speculative. Lets see what happens
this is scary. but i feel lucky
Dead cat bounce?
The lawsuits are falling apart. This company has been beaten down for far too long and is ready to explode.
hoping this dip is temporary, will buy in real life if the stock goes any lower
Great idea! Often when dealing with real estate, I want information, but necessarily legal information. Nice niche here!
For the techincals on DJSP, see UltraLong's pitch and then combine it with this:DJSP is down nearly 20% today on the news of....well, I'm not sure what. Two class action lawsuits have been filed in the last week against DJSP. Both suits are filed on the basis of defrauding investors. The plaintiff(s) claim is that DJSP's decision to retract guidance in May was injurious to investors and constituted fraud perpetrated by the officers of the company based on a previous statement that... "there is no stopping this inflow of continued defaults that we anticipate to go for another two or three years....foreclosure volumes through 2012 are expected to increase dramatically"The plaintiff(s) will have to prove that this constituted knowingly issuing false or misleading statements. Maybe the local hospital closed down and there were no ambulances to chase, because this smells like frivolous litigation.In the meantime, DJSP announced the successful completion of the acquisition of Timios, Inc., expanding the footprint of their services.DJSP is getting manhandled by the short contingent for now. But that won't. There's a chance that the lawsuits could lead to damamges, but I think the chance is remote. It may take some time, but this should bounce back.
Expanding REO closing and liquidation services. 2010 guidance was lowered to $1.29-1.35 eps which cut the PPS in half....now undervalued. If you like high risk/high reward, check out the warrants (DJSPW) that expire 8/11/12 at $5.
DJSP Enterprises is as far as I'm concerned, one of the greatest ideas since sliced bread. This company provides non-legal services regarding residential foreclosures and lender owned real estate. Basically, their services which are already booming should be ready to take off in 2011 and 2012 as a new wave of foreclosures hits the market. Revenue growth rates should get really close to 20% while the company guided 2010 profits to $1.32-$1.36 a share. So pretty much the company is trading at only 4.1 times 2010 earnings and well under 4 times 2011. I'm looking to nab DJSP on a limit buy at $4.55 which would be only 3 times 2011's profit projections. Maybe I'm a tad high on my EPS figures, but its a foreclosure service...in FLORIDA! C'mon, we all know they're going to be busy through 2013.UltraLong
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