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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.06
WAC's Cash to Debt is ranked lower than
53% of the 1551 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.48 vs. WAC: 0.06 )
WAC' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.06

Equity to Asset 0.06
WAC's Equity to Asset is ranked higher than
51% of the 1996 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.09 vs. WAC: 0.06 )
WAC' s 10-Year Equity to Asset Range
Min: -3.57   Max: 0.41
Current: 0.06

-3.57
0.41
Interest Coverage 1.54
WAC's Interest Coverage is ranked higher than
71% of the 1825 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.27 vs. WAC: 1.54 )
WAC' s 10-Year Interest Coverage Range
Min: 0.01   Max: 2.06
Current: 1.54

0.01
2.06
F-Score: 3
Z-Score: 0.19
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) -0.42
WAC's Operating margin (%) is ranked higher than
50% of the 2006 Companies
in the Global Specialty Finance industry.

( Industry Median: 29.16 vs. WAC: -0.42 )
WAC' s 10-Year Operating margin (%) Range
Min: -982.03   Max: 49.31
Current: -0.42

-982.03
49.31
Net-margin (%) -4.45
WAC's Net-margin (%) is ranked lower than
51% of the 2006 Companies
in the Global Specialty Finance industry.

( Industry Median: 21.42 vs. WAC: -4.45 )
WAC' s 10-Year Net-margin (%) Range
Min: -973.09   Max: 115.38
Current: -4.45

-973.09
115.38
ROE (%) -4.86
WAC's ROE (%) is ranked lower than
51% of the 2016 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.57 vs. WAC: -4.86 )
WAC' s 10-Year ROE (%) Range
Min: -500.96   Max: 24.59
Current: -4.86

-500.96
24.59
ROA (%) -0.32
WAC's ROA (%) is ranked lower than
51% of the 2019 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.80 vs. WAC: -0.32 )
WAC' s 10-Year ROA (%) Range
Min: -36.4   Max: 6.01
Current: -0.32

-36.4
6.01
ROC (Joel Greenblatt) (%) -3.59
WAC's ROC (Joel Greenblatt) (%) is ranked higher than
50% of the 1989 Companies
in the Global Specialty Finance industry.

( Industry Median: 76.96 vs. WAC: -3.59 )
WAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -9.41   Max: 285.56
Current: -3.59

-9.41
285.56
Revenue Growth (%) 118.30
WAC's Revenue Growth (%) is ranked higher than
100% of the 1727 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. WAC: 118.30 )
WAC' s 10-Year Revenue Growth (%) Range
Min: -64.5   Max: 159.8
Current: 118.3

-64.5
159.8
EBITDA Growth (%) 113.10
WAC's EBITDA Growth (%) is ranked higher than
99% of the 1558 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.50 vs. WAC: 113.10 )
WAC' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 113.1
Current: 113.1

0
113.1
EPS Growth (%) 68.70
WAC's EPS Growth (%) is ranked higher than
97% of the 1545 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.90 vs. WAC: 68.70 )
WAC' s 10-Year EPS Growth (%) Range
Min: -74.1   Max: 68.7
Current: 68.7

-74.1
68.7
» WAC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

WAC Guru Trades in Q4 2013

Joel Greenblatt 13,866 sh (+27.19%)
John Keeley 1,599,514 sh (+9.62%)
Caxton Associates Sold Out
Mariko Gordon Sold Out
Arnold Van Den Berg 763,275 sh (-0.42%)
Pioneer Investments 1,223,145 sh (-2.31%)
Steven Cohen 1,186,709 sh (-3.8%)
» More
Q1 2014

WAC Guru Trades in Q1 2014

First Pacific Advisors 800,000 sh (New)
Steven Cohen 2,021,193 sh (+70.32%)
Arnold Van Den Berg 758,141 sh (-0.67%)
Joel Greenblatt 10,423 sh (-24.83%)
Pioneer Investments 664,549 sh (-45.67%)
John Keeley 44,690 sh (-97.21%)
» More
Q2 2014

WAC Guru Trades in Q2 2014

First Pacific Advisors 1,695,100 sh (+111.89%)
Joel Greenblatt 10,541 sh (+1.13%)
Steven Cohen 1,002,500 sh (unchged)
John Keeley Sold Out
Pioneer Investments Sold Out
Arnold Van Den Berg 752,389 sh (-0.76%)
» More
Q3 2014

WAC Guru Trades in Q3 2014

First Pacific Advisors 1,805,600 sh (+6.52%)
Joel Greenblatt Sold Out
Arnold Van Den Berg Sold Out
Steven Cohen 950,000 sh (-5.24%)
» More
» Details

Insider Trades

Latest Guru Trades with WAC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Arnold Van Den Berg 2014-09-30 Sold Out 2%$22.75 - $29.42 $ 18.81-28%0
Joel Greenblatt 2014-09-30 Sold Out $22.75 - $29.42 $ 18.81-28%0
John Keeley 2014-06-30 Sold Out $24.62 - $30.58 $ 18.81-34%0
John Keeley 2014-03-31 Reduce -97.21%0.93%$25.51 - $35.64 $ 18.81-38%44690
Joel Greenblatt 2014-03-31 Reduce -24.83%$25.51 - $35.64 $ 18.81-38%10423
Mariko Gordon 2013-12-31 Sold Out 0.02%$33.41 - $41.31 $ 18.81-50%0
Joel Greenblatt 2013-12-31 Add 27.19%$33.41 - $41.31 $ 18.81-50%13866
Mariko Gordon 2013-09-30 New Buy0.02%$31.77 - $42.27 $ 18.81-51%8725
Joel Greenblatt 2013-09-30 New Buy0.01%$31.77 - $42.27 $ 18.81-51%10902
Arnold Van Den Berg 2013-06-30 Add 4.24%0.11%$32 - $40.74 $ 18.81-47%774425
Arnold Van Den Berg 2013-03-31 New Buy2.71%$32.49 - $49.61 $ 18.81-58%742950
John Keeley 2013-03-31 Add 19.33%0.15%$32.49 - $49.61 $ 18.81-58%1303576
John Keeley 2012-12-31 Reduce -23.17%0.28%$37.33 - $48.33 $ 18.81-55%1092393
John Keeley 2012-09-30 Reduce -21.8%0.21%$21.93 - $39.3 $ 18.81-32%1421870
George Soros 2011-12-31 Sold Out 0.04%$20.51 - $26.37 $ 18.81-17%0
George Soros 2011-09-30 New Buy0.04%$19.5 - $27.58 $ 18.81-22%100600
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Guru Investment Theses on Walter Investment Management Corp

Investment Guru John Keeley Comments on Walter Investment Management - Mar 26, 2013

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.


Check out John Keeley latest stock trades

John Keeley Comments on Walter Investment Management - Dec 11, 2012

Another top performing position in the Fund was Walter Investment Management (WAC), which rose over 61 percent and added 70 basis points of return to the portfolio over the past year. Although the company is placed in the technology sector, we believe that this mortgage servicer would be more properly represented in the financial sector. The company continues to benefit from trends in the industry favoring smaller players, and management expects to position itself for growth via acquisitions. We continue to favor the company based on the fact that it remains in the growth phase of its business cycle and despite the rise in its stock price, the current valuation remains attractive.

From Keeley Funds’ 2012 annual report.


Check out John Keeley latest stock trades

Top Ranked Articles about Walter Investment Management Corp

Former Fairholme Fund Managers' GoodHaven Fund - Top Stocks
After spending several years buying the most battered financial companies of the 2008 to 2009 financial crisis, Bruce Berkowitz this year is busy loading his mutual fund, the Fairholme Fund (FAIRX), with shares of the government-rescued Fannie Mae and Freddie Mac. He has also opened his own hedge fund. But before these periods, when he was running a successful and rather risk-averse mutual fund and named hedge fund manager of the decade, he worked with two men, Larry Pitkowsky and Keith Trauner. In 2010, these two investors left to found a separate firm, the GoodHaven Fund (GOODX). Read more...

Ratios

vs
industry
vs
history
P/B 0.60
WAC's P/B is ranked higher than
94% of the 2626 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.34 vs. WAC: 0.60 )
WAC' s 10-Year P/B Range
Min: 0.01   Max: 2.42
Current: 0.6

0.01
2.42
P/S 0.60
WAC's P/S is ranked higher than
99% of the 2626 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.61 vs. WAC: 0.60 )
WAC' s 10-Year P/S Range
Min: 0.26   Max: 17.36
Current: 0.6

0.26
17.36
EV-to-EBIT -1057.73
WAC's EV-to-EBIT is ranked higher than
52% of the 2626 Companies
in the Global Specialty Finance industry.

( Industry Median: 19.80 vs. WAC: -1057.73 )
WAC' s 10-Year EV-to-EBIT Range
Min: -1295.6   Max: 758.3
Current: -1057.73

-1295.6
758.3
Shiller P/E 11.50
WAC's Shiller P/E is ranked higher than
96% of the 2626 Companies
in the Global Specialty Finance industry.

( Industry Median: 9999.00 vs. WAC: 11.50 )
WAC' s 10-Year Shiller P/E Range
Min: 3.67   Max: 122.58
Current: 11.5

3.67
122.58

Valuation & Return

vs
industry
vs
history
Price/Median PS Value 0.19
WAC's Price/Median PS Value is ranked higher than
100% of the 2626 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.25 vs. WAC: 0.19 )
WAC' s 10-Year Price/Median PS Value Range
Min: 0.11   Max: 32.5
Current: 0.19

0.11
32.5
Earnings Yield (Greenblatt) -0.10
WAC's Earnings Yield (Greenblatt) is ranked higher than
52% of the 1973 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.60 vs. WAC: -0.10 )
WAC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 8.4
Current: -0.1

0.1
8.4
Forward Rate of Return (Yacktman) -8.11
WAC's Forward Rate of Return (Yacktman) is ranked higher than
60% of the 1512 Companies
in the Global Specialty Finance industry.

( Industry Median: 13.69 vs. WAC: -8.11 )
WAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -46.2   Max: 36.8
Current: -8.11

-46.2
36.8

Business Description

Industry: Banks » Specialty Finance
Compare:HKXCY, WU, ASXFY, CIT, KFN » details
Walter Investment Management Corp was incorporated in Maryland on June 10, 1997 as Hanover Capital Mortgage Holdings, Inc. The Company is a fee-based business services provider to the residential mortgage industry focused on providing primary and specialty servicing for credit-sensitive residential mortgages and reverse mortgages. The Company is a specialty servicer providing residential loan servicing that focuses on credit-sensitive residential mortgage assets located in the United States. It is also a mortgage portfolio owner and operates an insurance agency serving residential loan customers. The Company manages its business through six reportable segments: Servicing; Originations, Reverse Mortgage, Assets Receivables Management, Insurance, and Loans and Residuals. Servicing business segment consists of operations that perform servicing for third-party investors in forward loans, as well as its own forward loan portfolio for a fee-for-service basis. Originations business segment consists of operations that purchase and originate forward loans that are sold to third parties with servicing rights generally retained. Reverse Mortgage consists of operations that purchase and originate HECMs that are securitized, but remain on the consolidated balance sheet as collateral for secured borrowings referred to as HMBS related obligations. Assets Receivables Management business segment performs collections of post charge-off deficiency balances on behalf of securitization trusts and third-party asset owners. Insurance business segment consists of the assets and liabilities of the Residual Trusts, as well as its unencumbered residential loan portfolio and real estate owned, all of which are associated with forward loans. Loans and Residuals business segment consists of the assets and liabilities of the Residual Trusts, as well as its unencumbered residential loan portfolio and real estate owned, all of which are associated with forward loans. The Company competes with several third-party providers for servicing opportunities, including large financial institutions, as well as non-bank servicers. The Company's business is subject to numerous federal, state and local laws and regulations, and may be subject to judicial and administrative decisions imposing various requirements and restrictions.
» More Articles for WAC

Headlines

Articles On GuruFocus.com
John Keeley's Keeley Funds Annual Letter to Shareholders 2013 Feb 05 2014 
Former Fairholme Fund Managers' GoodHaven Fund - Top Stocks Dec 27 2013 


More From Other Websites
WALTER INVESTMENT MANAGEMENT CORP Financials Nov 21 2014
Major averages start the week where they left off…higher… Nov 10 2014
10-Q for Walter Investment Management Corp. Nov 09 2014
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Walter Investment Management Corp Earnings Call scheduled for 10:00 am ET today Nov 06 2014
Walter Investment reports 3Q loss Nov 06 2014
Walter Investment reports 3Q loss Nov 06 2014
WALTER INVESTMENT MANAGEMENT CORP Files SEC form 8-K, Results of Operations and Financial Condition,... Nov 06 2014
Q3 2014 Walter Investment Management Corp Earnings Release - Before Market Open Nov 06 2014
Walter Investment Management Corp. Announces Third Quarter 2014 Highlights And Financial Results Nov 06 2014
WALTER INVESTMENT MANAGEMENT CORP Files SEC form 10-Q, Quarterly Report Nov 06 2014
Mortgage servicer Ocwen targeted by complaints Oct 30 2014
Consumer Bureau Finds Homeowners Harmed by Loan Companies Oct 29 2014
Walter Investment Management Corp. Invites You To Join Its Third Quarter 2014 Earnings Conference... Oct 27 2014
Walter Investment Management Corp. Invites You To Join Its Third Quarter 2014 Earnings Conference... Oct 27 2014
Ocwen Dives On N.Y. Claims It Backdated Documents Oct 21 2014
WALTER INVESTMENT MANAGEMENT CORP Files SEC form 8-K, Other Events Oct 14 2014
Coverage initiated on Walter Investment Mgmt by Barclays Sep 11 2014
Why Walter Investment Management (WAC) Stock Is Dropping Today Sep 11 2014
Walter Investment Management Corp. To Present At The Barclays Global Financial Services Conference Sep 03 2014

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