Feb. 21 at 4:52 PM
$RITM If you look at the last earnings, while they were great...you have to look at that number on change of fair value of MSR's. Imagine what our earnings would have been without that! I honestly believe if Michael does this spin-off correctly, RITM stock will go up from where it is now, minus the REIT....which will be spun-off to let's call it NRZ for this example. Then if he would only allow RITM holders to get NRZ shares, every current shareholder would own NRZ and RITM shares. Then the tutes that are bailing out now would be forced to buy NRZ shares on the market or small % that are IPO'd to raise more capital for RITM. I have no doubt NewRez is worth what RITM is now trading at. SO NRZ shares would be
$8-10, all things equal....and RITM shares would probably be worth more than
$10 since asset management gets valued much higher than a REIT. So current shareholders would have
$20+ in combined share value. @ProfitConfucius in my example what would you guess values?
