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Fly News Breaks for March 3, 2015
RESI
Mar 3, 2015 | 07:10 EDT
After Altisource reported higher than expected EPS, JMP Securities says the beat was generated by $51M of higher than anticipated unrealized NPL gains. The firm says that the EPS missed expectations on a REIT taxable income basis, while the company slowed its investment pace. JMP securities thinks the company is being cautious, but it believes that the stock's valuation is attractive and keeps an Outperform rating on the shares.
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