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NRZ - New Residential: Revisiting An Old Friend
September, 10 2021 04:51 AM
New Residential Investment Corp.
In hindsight, investors clearly underestimated the risk within the New Residential model several years ago. Today, those risks look more priced in given how the stock trades. That said, the Caliber acquisition (which does not get talked about enough) offsets a lot of these risks going forward. Shares are below fair value here, but not quite enough to get me involved again. For further details see:
New Residential: Revisiting An Old Friend
Stock Information
Company Name:
New Residential Investment Corp.
Stock Symbol:
NRZ
Market:
NYSE
Website:
newresi.com
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