From Kass Today: http://realmoneypro.thestreet.com/dougs-daily-diary?cm_ven_int=homepage-daily-diary&published%5Bvalue%5D%5Bdate%5D=2012-11-06#oaktree-beats-th-20121106
- The more I think of it, the more I want to come back into the fold.
I am back buying Ocwen (OCN).
Though my entry point in my recent “Levels” post was below $32, the more I think of it, the more I want to come back into the fold.
I would pay particular attention to the options issuance to the chairman of the company.
I will pass on the filing, but some of the shares vest on a doubling in the stock.
In other words, management is incented.
I would not be surprised if Ocwen traded between $50 and $60 sometime in 2013.