This is an odd one. Solid company with good managment and strong headline results.
The company is not well known to retail investors. Unless you're a broker you probably won't recognise the company. Not sure if this has any impact.
Managment did mention higher dischages due to competiton so not sure the market would like that.
Resi mortgages will always be the anchor business, but not sure how much they can realistically continue to grow over time. They've defintely been trying to diversify and grow by acquring/parterning with businesses... MoneyPlace, ali, nMB. It's hard to tell weather these have been sucessfull or not.
I think over a longer time frame this will peform quite well. resimac also coping a beating and i consider them libertys closest competitor.
LFG Price at posting:
$5.80 Sentiment: Buy Disclosure: Not Held
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