OCN beats expectations by 20%
OCN had a solid quarter
* Revenues up 13%
* Earnings were up 110%, beating expectations by 20%
* Acceleration in business: year to date revenue growth was 13.3% and 13.7% for the latest quarter. It's a small sign of things to come. Indeed, the loans that they are handling grew 25%.
* Great margins: costs dropped 1%.
We own OCN because of the strong upside potential and margin strength.
* Revenues up 13%
* Earnings were up 110%, beating expectations by 20%
* Acceleration in business: year to date revenue growth was 13.3% and 13.7% for the latest quarter. It's a small sign of things to come. Indeed, the loans that they are handling grew 25%.
* Great margins: costs dropped 1%.
We own OCN because of the strong upside potential and margin strength.
posted by Andrew at
8:09 AM
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