Too Early To Buy Altisource Portfolio Solutions [Seeking Alpha]
Altisource Portfolio Solutions S.A. (ASPS)
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am
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US:NASDAQ Investor Relations:
ir.altisource.com/investor-relations
Company Research
Source: Seeking Alpha
SummaryAltisource is an asset-light, counter-cyclical business model.The CARES Act will delay foreclosures until 2021, meaning that financial results in 2020 should be down by 40%.Wait until Q4 to see signs of an inflection point. Once the default cycle turns, ASPS could be a multi-bagger.One of the big winners of the mortgage crisis of 2008 was Altisource Portfolio Solutions (NASDAQ:Source: Yahoo FinanceMortgage Delinquencies On the RiseIn May, it was reported that the number of borrowers more than 30 days late swelled to 4.3 million, up 723,000 from the previous month. More than 8% of all U.S. mortgages were past due or in foreclosure.BloombergBlack KnightThe current surge in delinquencies is even greater than 2009. The five-year period where mortgage delinquencies rose from 1.5% to 5% resulted in a 30X move in the stock price of ASPS. The question is whether this is the beginning of a multi-year cycle for whether the economy will quickly regain its footing in the second half of 202
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ASPS
News
- Altisource Portfolio Solutions (ASPS) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Altisource Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Altisource Announces First Quarter 2024 Financial ResultsGlobeNewswire
- Altisource Portfolio Solutions S.A. Schedules First Quarter 2024 Conference CallGlobeNewswire
- Industrial Logistics Properties, Braemar Hotels & Resorts among real estate movers [Seeking Alpha]Seeking Alpha
ASPS
Earnings
- 4/25/24 - Beat
ASPS
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/17/24 - Form DEF
- ASPS's page on the SEC website