Walter Investment Management Corp. (NYSE:WAC)

CAPS Rating: 2 out of 5

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Member Avatar Akronpow (< 20) Submitted: 6/12/2013 11:03:43 AM : Outperform Start Price: $36.02 WAC Score: -55.27

WAC is proving it can meet the consensus analyst estimates for 2013 and 2014, which when realized will drive the stock price towards the multiples enjoyed by industry peers OCN and NSM.

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Member Avatar MichaelHamilton (99.01) Submitted: 3/19/2013 10:24:52 PM : Outperform Start Price: $34.02 WAC Score: -57.92

Today's fall is overdone

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Member Avatar DominosJR (< 20) Submitted: 9/8/2010 1:26:38 PM : Outperform Start Price: $15.50 WAC Score: -24.90

WAC is the successor to Hanover Capital Mortgage (HCM). Hanover, not being big enough to get a bailout, got squashed when the mark-to-market on their prime mortgages caused their loans to get called. The HCM management team now runs WAC and they are good at what they do. Current dividend on this REIT is $2.00 a year. Once the investment community gets the idea that WAC isn't going away, then the price will rise to a level consistent with a $2 dividend. I'd guess that it will take another year for people to believe and then about six months to run the price up. Target $25 by mid 2012.

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Member Avatar EagleTraderOne (< 20) Submitted: 9/8/2010 11:01:59 AM : Underperform Start Price: $15.48 WAC Score: +24.57

Dividend $2.00 Earnings $1.65
Can you say upside down?

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Member Avatar Kerry73 (< 20) Submitted: 7/23/2010 6:26:40 PM : Outperform Start Price: $15.92 WAC Score: -29.06

Mortgage holders will actually lose money if they default on their loans.

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Member Avatar landoncz (26.41) Submitted: 7/14/2010 8:25:13 AM : Outperform Start Price: $15.35 WAC Score: -25.64

Careful with this one... Subprime & troubled loan servicer primarily in Florida could be disasterous. But, if the world doesn't end, then this stock is undervalued. Cautiously optimistic.

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Member Avatar demoledor (22.85) Submitted: 4/3/2010 8:10:47 PM : Outperform Start Price: $14.13 WAC Score: +1.64

This stock is cheap like potatoes, at a PE of less than 4, and paying 12% dividend, in a recovering economy where they face better than anticipated recovery of bad debt from their "customers" = earnings potential

What else can you ask for if that is the business you operate in?

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Member Avatar greenwave3 (35.80) Submitted: 3/11/2010 1:23:58 AM : Outperform Start Price: $13.79 WAC Score: +0.69

Good valuation, short squeeze in the making

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Member Avatar MrMikeyC (27.68) Submitted: 12/31/2009 3:21:08 PM : Outperform Start Price: $12.48 WAC Score: +15.38

Undervalued : Book Value/Share is 25.60 currently trading at 14.50.
Dividend is high. And they just went through a merger. As i see it, there are only two ways WAC can go, UP or fail. Their financials suggest otherwise than a fail, so the stock must go up in time.

How much? is the real question.

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Member Avatar GulfCoastPicks (< 20) Submitted: 12/30/2009 11:23:02 AM : Outperform Start Price: $12.53 WAC Score: +14.43

REIT's with their high dividends, coupled with the potential for growth will provide safer returns than many equities. Just make sure the REIT you pick has adequate cash/income to maintain the dividend.

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Member Avatar bartleyrc (87.87) Submitted: 9/22/2009 12:18:57 PM : Outperform Start Price: $14.82 WAC Score: -23.56

Government spending to improve the mortgage industry may work...if it does, this REIT seems well positioned to make a quick buck and then die off again, so I'll make some money while the sun is shining with this call!

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Member Avatar joshman75 (< 20) Submitted: 9/1/2009 2:27:58 PM : Outperform Start Price: $11.92 WAC Score: +2.79

This stock is totally WAC!

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Member Avatar Patrick6k (69.29) Submitted: 8/17/2009 3:02:18 PM : Outperform Start Price: $11.59 WAC Score: +19.74

Return of Realty by George Lucas

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Member Avatar Rhodney (< 20) Submitted: 7/26/2009 3:45:23 AM : Outperform Start Price: $11.04 WAC Score: +13.30

positive rate of return

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Member Avatar Beebzer (93.16) Submitted: 5/20/2009 1:34:09 AM : Outperform Start Price: $11.12 WAC Score: -2.82

Building a portfolio based on insider cluster buys.

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Member Avatar tmd6966 (< 20) Submitted: 5/16/2009 8:14:16 PM : Outperform Start Price: $10.45 WAC Score: +5.15

Spun off by WLT (Walter's Energy) and merged with Hanover Capital Mortgage, is a REIT that manages a 1.8 billion dollar portfolio of Sub-prime, prime and non-conformingl (ie Moblil Homes) Mortgages ( with a delinquency rate under 6%). Insiders have recently gobbled up shares at a furious clip taking the stock price from 7 to just under 14 in less than 2 weeks. This, in spite of generous stock grants. One director, also Chairman of WLT, took down almost 2 million dollars worth of stock in three separate buys in the open market. The only revenue this company has at present is the yield from the mortgages, but with all the gov't programs, and the mortgage servicing and insurance divisions, there could be substantial earnings power hidden by all the recent machinations required to merge the companies. Not much info available since the merger was completed only a month ago, so you really need to read every SEC filing. Could be a real sleeper.

Results 1 - 16 of 16

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