Mar. 20 at 9:59 PM
$RITM Total Payment: ~
$1.14 Billion (Paid out by the buyer)
Cash Inherited: ~
$1.09 Billion (Assets acquired)
Effective Net Cost: ~
$50 Million (To acquire the remaining non-cash assets, such as the
$176B MSR portfolio).
If my math is somewhat right,
$50M is what it costs for this deal. It adds
$100-200M a year in profits.....that
$50M cost gets you .35-40 per share per year! I must not being doing this properly. Thoughts @ProfitConfucius @Championinvestor or anyone?
I am seriously wondering if that
$10.70 offer on
$TWO is from us. I would be surprised Michael would be adding REIT stuff though.
