Followed Kass into OCN (Been Here Before)

Nov 6, 2012 | 9:39 AM EST
Stock quotes in this article:

OCN

  • 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.

I bought 5 shares at $34.  Have owned this before and made money.

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