|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Investment Guru John Keeley Comments on Walter Investment Management
Posted by: Holly LaFon (IP Logged)
Date: March 26, 2013 01:47PM
Walter Investment Management (WAC) was the largest contributor to the portfolio's results in 2012. The mortgage servicer benefited from the challenges of the larger mortgage players that have been looking to reduce their exposure to mortgage related assets. Walter has successfully acquired these assets at a meaningful discount and the position added 151 basis points of performance in 2012 after rising over 109 percent for the year.
From Keeley Funds' fourth quarter 2012 investor letter.
Guru Discussed: John Keeley: Current Portfolio, Stock Picks
Stocks Discussed: WAC,