Altisource Residential (RESI) Misses Q2 EPS by 1c
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Compass Point Reiterates Buy as Altisource Residential (RESI) Takes Steps Towards Fixing Operational and Structural Problems
August 11, 2015 10:54 AM EDTCompass Point reiterated a Buy rating and $21.00 price target on Altisource Residential (NYSE: RESI), as RESI has taken the necessary first steps to fix its operational and structural problems. Analyst Fred Small says there are five (or six) concrete steps RESI can take to improve its valuation. 1) Repurchase shares, 2) Sell on balance sheet non-rental REO, 3) Increase transparency, 4) Grow rental revenue and provide a segment P&L for the rental... More
