Ocwen Financial Corp (NYSE:OCN)
A provider of servicing and origination processing solutions to the loan industry with headquarters in West Palm Beach, Florida, offices in Orlando, Florida, Lisle, Illinois and Atlanta, Georgia and global operations in Canada, Germany, India and Taiwan.
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Admittedly bad timing on my part... nonetheless riding it to zero.
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Perhaps a hidden opportunity in the financial arena
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Company management is incompetent.
Strategy and directive does not use or develop automation, model is to increase staff in India to address problems with no success. Staff in India does not have much knowledge and is learning on the job
Recent purchase of NCI which was close to bankruptcy will not improve performance.
Erbey needs to be voted out.
This company is a Titanic.
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In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.
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You have got to be kidding me...a 9 rating????
This company is one of the worst examples of predatory lending there ever was! They are currently facing over 500 class action lawsuit's, previous employee's are suieing, and so is the Federal Government, to the tune of 325mil! This company is destined to implode! Anyone foolish enough to rate this company with more than a negeative should be shot!
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Vendor lawsuits
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This company is one of the most amoral companies that I have found...Profit before People..They moved their call center to Mombi India to avoid Federal Trade Commission rules reguarding debt collection procedures.
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cheap, efficient, oversold
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missed overblown expectations, now over sold. High margins, low multiple.
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low cost hard money loan service, they call from India and repo asap when not paid. They will make more money in a housing ression.
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From my own stock screen
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brazilian port operations: exposure to china growth/demand for commodities story. expanded port operation to be operational next year; will dramatically increase earnings
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