ASPS - Chart Link one of you guys posted
ASPS, as you know I commented on this company a couple years ago -
given interest rates makes sense with foreclosures coming
I am shorting this. I know we go by Technical Analyis
here, so reversion to mean: ) Financials look
horrible: Annual Revenue 2018 $711m, 2019 $580M, 2020 $318m,
2021 $151m, Q2 2021 $38m, Q3 2021 $36m, Q4 2021 $34M, Q1 2022 $35m,
Q2 2022 38m and lost $13-15m every quarter.
Seems way more diversified than forclosure services:
Altisource Portfolio Solutions S.A. is a marketplace and
transaction solutions provider for the real estate and mortgage
industries. The Company's business processes, vendor and electronic
payment management software and behavioral science-based analytics
manage outcomes for marketplace participants. It operates through
two segments: Mortgage Services and Technology Services. The
Mortgage Services segment provides loan servicers, originators,
rental property investors and real estate consumers with products,
services and technologies. The Technology Services segment provides
software and data analytics solutions that support management of
mortgage and real estate activities and marketplace transactions
across mortgage and real estate lifecycles and information
technology infrastructure management services
ASPS comments
Posted by matt on 7th of Nov 2022 at 03:46 pm
ASPS - Chart Link one of you guys posted ASPS, as you know I commented on this company a couple years ago - given interest rates makes sense with foreclosures coming
ASPS - Chart Link
I am shorting this. I
Posted by Walt on 7th of Nov 2022 at 04:03 pm
I am shorting this. I know we go by Technical Analyis here, so reversion to mean: ) Financials look horrible: Annual Revenue 2018 $711m, 2019 $580M, 2020 $318m, 2021 $151m, Q2 2021 $38m, Q3 2021 $36m, Q4 2021 $34M, Q1 2022 $35m, Q2 2022 38m and lost $13-15m every quarter.
Address
33, Boulevard Prince Henri
Luxembourg
1724
Seems way more diversified than
Posted by Walt on 7th of Nov 2022 at 03:59 pm
Seems way more diversified than forclosure services: Altisource Portfolio Solutions S.A. is a marketplace and transaction solutions provider for the real estate and mortgage industries. The Company's business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants. It operates through two segments: Mortgage Services and Technology Services. The Mortgage Services segment provides loan servicers, originators, rental property investors and real estate consumers with products, services and technologies. The Technology Services segment provides software and data analytics solutions that support management of mortgage and real estate activities and marketplace transactions across mortgage and real estate lifecycles and information technology infrastructure management services
I agree Walt. This tech
Posted by fredsaid on 7th of Nov 2022 at 04:04 pm
I agree Walt. This tech company does not appear that it will do well in a rising rate environment. Even though the chart looks somewhat bullish.