OCN crushes earnings, down big
OCN came in strong
* Earnings up 600%
* Revenue up ~20%
* Costs were flat
They are servicing 30% more loans - meaning that they have been hired to get the money back on these loans. This is the bulk of their business and it is up 30%.
Analysts wanted to see $0.25 and OCN came in at $0.2 after a one time $0.1 money losing venture. They missed but I see a beat. I also focus on the fact that business is booming. Moreover, they have 90% net margins on that increase.
This is a great buying opportunity because loan defaults are only just beginning, and banks and other firms wll seek out OCN.
* Earnings up 600%
* Revenue up ~20%
* Costs were flat
They are servicing 30% more loans - meaning that they have been hired to get the money back on these loans. This is the bulk of their business and it is up 30%.
Analysts wanted to see $0.25 and OCN came in at $0.2 after a one time $0.1 money losing venture. They missed but I see a beat. I also focus on the fact that business is booming. Moreover, they have 90% net margins on that increase.
This is a great buying opportunity because loan defaults are only just beginning, and banks and other firms wll seek out OCN.
posted by Andrew at
7:30 AM
1 Comments:
Is NTRI still in your radar? 64$ was looking like a good price until 2 days back and its at 45$ AH today! Insiders sold huge the past 2 days before today's announcement about reduced Q1 guidance -- wow they should be investigated for that!
Am seriously considering jumping in around 45$ -- comments pls :)
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